Balder acquires hotel project in Jönköping

Fastighets AB Balder has acquired the hotel project Gradienten which will be built in central Jönköping for approximately SEK 430 million. Seller is Skanska. The project comprises a 18-storey hotel with 229 rooms, conference facilities and restaurant. Construction start is scheduled for the first quarter of 2018. Nordic Choice Hotels has signed a 20-year lease agreement for the operation of the hotel after completion.

The transaction will close in connection with completion during the first quarter of 2021.
   

For further information, please contact
CEO Erik Selin, tel. +46 706 074 790 or
Head of Finance Marcus Hansson, tel. +46 768 369 848
    
   

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 92.9 billion as of   30 September 2017. The Balder share is listed on Nasdaq Stockholm, Large Cap. 

Fastighets AB Balder (publ)
Box 53121, 400 15 Göteborg
Tel 031-10 95 70
Org nr 556525-6905, Säte Göteborg
balder.se

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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 37,4 billion as of 31 December 2014. The Balder share is listed on Nasdaq OMX Stockholm, Large Cap.

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