Samhällsbyggnadsbolaget I Norden (SBB) is selling the Gasugnen 24 residential building in Sweden for SEK400m (€37m).

The Nordic social infrastructure property company said it has agreed to sell the 10,543sqm property in Örebro to Husherren.

Oscar Lekander, SBB’s deputy CEO and COO said: “We have had challenges in achieving sufficient management volume in residential properties in Örebro and our main priority now is strengthened credit ratios. It also feels important that the buyer is a professional and long-term local property manager.”

Lekander said the disposal price is in line with the book value.

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