Balder acquires Radisson Blu Scandinavia Hotel in central Gothenburg

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Balder acquires the company, which owns the hotel property Inom Vallgraven 1:13, for an underlying property value of SEK 700 million. The hotel is located at Drottningtorget right next to Gothenburg´s central station and Gothenburg’s shopping areas. The hotel is operated by Rezidor and has a total of 349 rooms with a total lettable area of approximately 26,700 square meters.

“We welcome this recognized hotel with its fine history and outlook to Balder”, 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

 
Balder discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 15 December 2014 at 14.00 CET.

   
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 34,5 billion as of 30 September 2014. The Balder share is listed on Nasdaq OMX Stockholm, Mid Cap.

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