SBB and Castlelake to form a joint venture in a SEK5.2bn deal.

SBB, a residential property managers company, and Castlelake, a global private investment firm, agreed to form a joint venture in a SEK5.2bn deal. "The Transaction confirms the strong value of SBB’s community portfolio, which distinguishes itself through growing demand, inflation-proof cash flows and low risk of rental losses. The cash proceeds provide the opportunity to refinance debt and execute strategic measures to maximise value for the group over time. We look forward to the partnership with Castlelake," Leiv Synnes, SBB CEO.