With a vision to open up the housing market to as many people as possible, SSM offers cost-efficient homes for one to two-person household with the highest functionality built into every square meter, close to the city and public transportation.
The shareholders in SSM Holding AB (publ), 556533-3902 (“SSM” or the “Company”) are hereby summoned to an Extraordinary General Meeting to be held on November 5, 2019 at 15:00 (CEST)
at the company’s office at Torsgatan 13 in Stockholm in the Municipality of Stockholm. Registration starts from 14:30 (CEST).
SSM Holding AB (publ) and Niam have agreed to divest SSM’s Bromma Boardwalk cooperative housing project to Niam V SIC Bostad Holding AB. The divestment follows the decision of the Swedish Land and Environment Court on December 14, 2018 to revoke the city plan for Bromma Boardwalk, leading SSM to cancel plans to develop 268 cooperative apartments on the property. The transaction will have an impact of about -15.0 MSEK on SSM’s Q3 results at the same time as it will have a positive effect of about 25.0 MSEK on the company’s cash flow in Q4 2019.
Today, tenants will begin taking possession of their apartments in SSM’s West Side Solna, a project with 252 cooperative apartments. West Side Solna is a joint venture between SSM and Alecta that is expected to be fully completed by the end of Q1 2020. At the moment, 70 percent of homebuyers in the project have signed grant agreements with the Brf West Side Solna housing association. The handover process that has now started will have a marginal effect on SSM in Q3 2019 and from Q1 2020, it will impact the company’s cash flow positively.
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