Balder acquires a hotel portfolio in Germany
Fastighets AB Balder (publ) has acquired a German property portfolio consisting of seven hotel properties for approximately 58 million euros. The properties have a lettable area of more than 40,000 square meters and 842 hotel rooms. Balder has signed 20 years lease agreements on all properties with Ligula Hospitality Group, which is an existing tenant at Balder in several hotels already today. About 40 % of the rental value of EUR 4.3 million is in Berlin, other significant cities are Leipzig, Erfurt and Gelsenkirchen.
The acquisition has been completed today and funded with existing cash.
- Establishing on the German real estate market through long leases together with a reputable tenant feels very positive, says Erik Selin.
For further information, please contact
CEO Erik Selin, tel. +46 706 074 790 or
Head of Finance Marcus Hansson, tel. +46 768 369 848
This is information that Fastighets AB Balder is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 14.00 CET on June 12, 2018.
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 104.1 billion (88.4) as of 31 March 2018. The Balder share is listed on Nasdaq Stockholm, Large Cap
Fastighets AB Balder (publ)
PO Box 53 121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg