Sweden’s SBB Weighs IPO of $3.4 Billion Residential Unit

August 4, 2023 | Charles Daly and Anton Wilen | Bloomberg

SBB, the embattled developer at the center of Sweden’s property crisis, is considering carving out its entire residential business with a portfolio of 36.5 billion kronor ($3.4 billion) for an initial public offering, according to a person familiar with the matter.

Samhallsbyggnadsbolaget i Norden AB — as the company is formally known — has asked SEB AB to explore options for a potential listing either in the fourth quarter of this year or the first half of 2024, the person said, asking not to be identified as the discussions are private. SBB intends to keep a material shareholding following the IPO, the person said.

Recent

Bluerock Fund Advisor Wins the Prestigious 2023 Asset Manager of the Year Award from Money Management Institute / Barron’s

October 19, 2023

Bluerock Fund Advisor and the Bluerock Total Income+ Real Estate Fund (“Bluerock TI+ Fund,” “Fund,” "TI+,” tickers: TIPRX, TIPPX, TIPWX, TIPLX, TIPMX), the largest real estate sector interval fund, today announced it has won the Money Management Institute (MMI) / Barron’s Asset Manager of the Year (AUM

Cantor Fitzgerald Infrastructure Fund Announces Third Quarter 2023 Distribution

October 18, 2023

Cantor Fitzgerald Infrastructure Fund (the “Fund”) announced a thirdquarter distribution of $0.0696 per Class A share (NASDAQ: CAFIX), $0.0693 per Class C share (NASDAQ: CFCIX) and $0.0696 per Class I share (NASDAQ: CFIIX)...

SmartStop Opens New Self-Storage Facility in San Gabriel, California

October 18, 2023

SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self-storage company, announced today that it has opened an approximately 78,000 square foot storage facility in San Gabriel, California....

ExchangeRight Fully Subscribes a $90.5 Million DST Created for Recession-Resilience

October 11, 2023

ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has announced the company has fully subscribed its Net-Leased Portfolio 60 DST, a $90,500,000 offering featuring 397,201 square feet of grocery, healthcare, pharmacy, and necessity-based retail tenants.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

October 3, 2023

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…

Blue Vault Q2 2023 Performance Reports Update

September 25, 2023

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Blackstone Is the First Alternative Asset Manager to Hit $1 Trillion AUM. So Where Does It Go From Here?

August 23, 2023

In July, Blackstone BX reported that it had surpassed $1 trillion in total assets under management during the second quarter of 2023, being the first alternative asset manager to cross that threshold. A bit of background to start: “Alternative asset management” is an umbrella term for asset managers that specialize in private market investment strategies like private…

Explore

Don’t miss alts news
and educational events
Subscribe Now