Pandox AB (publ) divests retail property in Brussels
Pandox has entered into an agreement to divest a retail property linked to The Hotel Brussels, for approximately MEUR 34, to a discretionary real estate fund managed by BMO Real Estate Partners. The divestment of the property is expected to have a positive effect on EPRA NAV of approximately MEUR 4, corresponding to the equivalent of MSEK 40, in the fourth quarter 2017.The divestment is made at an underlying property value of approximately MEUR 34, which is approximately MEUR 4 higher than the most recent market valuation. Pandox receives net proceeds of approximately MEUR 34. The