SBB Norden- comment

The potential IPO of a Norwegian associate company could provide up to SEK1.5bn in liquidity for SBB. A boost, but ultimately €132m in extra liquidity doesn’t change much,  the IPO of the Swedish Residential portfolio is the critical deal for 2024. Public Property Invest has around SEK500m in annual rents, with 90% from Norwegian local and national government. LTV at June 23 was 60%. Public Property Invest is 45% held by SBB, with the rest split between c200 property investors (mainly individuals). The timing of Norwegian real estate investors looking to exit Norwegian government assets is likely to indicate their need for liquidity to support other real estate investments. 

https://corporate.sbbnorden.se/en/sbbs-associated-company-ppi-is-investigating-the-possibility-of-an-initial-public-offering-and-listing-on-the-oslo-stock-exchange/