Balder Acquires a Hotel Portfolio for SEK 2,2 billion

Balder (publ) has agreed to acquire a hotel portfolio of 14 hotel properties from Pandox. The purchase price amounts to SEK 2,2 billion and covers 127,000 sq m and 2,400 hotel rooms. Over 40 % of the assigned property value is situated in the Stockholm region and the remaining values ​​are situated in cities as Gävle, Karlstad and Lund where Balder already have local representation.

Scandic is the single largest tenant, representing 65 % of the earnings, Nordic Choice represents 20 % and Winn Hotel Group 12 %. The leases have a remaining average term of approximately 7 years. The properties will be taken into possession in the second quarter of 2014.

"We are delighted to make this acquisition with Pandox. I would also like to thank Christian Ringnes and Olaf Gauslå for a professional, easy and pleasant approach to complete this transaction," said CEO Erik Selin

Pangea has facilitated the deal between the parties.

For further information, please contact
CEO Erik Selin, phone 0706-07 47 90 or
Head of Finance Marcus Hansson, phone 0768-36 98 48

Fastighets AB Balder (publ) 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 16 April, 2014 at 08.15 CEST.


Fastighets AB Balder (publ)

Box 53121, 400 15 Gothenburg
Phone 031-10 95 70
Org nr 556525-6905, Gothenburg
www.balder.se

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 27.5 billion as of 31 December 2013. The Balder share is listed on Nasdaq OMX Stockholm, Mid Cap.

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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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