Balder acquires four properties near the central station in central Copenhagen

Fastighets AB Balder has agreed to acquire four hotel properties in central Copenhagen for approximately 1,000 million SEK. The four properties are all located next to the central station in Copenhagen and are today run under the names Star, Mercur, Richmond and Plaza. Balder will sign long term lease agreements with Ligula Hospitality Group to operate all four hotels.

The transaction will close during the third quarter.

  
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 (publ)
PO Box 53121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office 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 88.4 billion as of 31 March 2017. The Balder share is listed on NASDAQ Stockholm, Large Cap segment.

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