Fastighets AB Balder Acquires Sweden's Royal Danish Conservatory of Music for Hotel Conversion
GÖTEBORG, SW. September 28, 2015 - Fastighets AB Balder (publ)(STO:BALDB) acquires the property where the Royal Danish Conservatory of Music used to operate at Niels Brocks Gade 1. The property will be converted into hotel and restaurant and will be operated by Nobis Hotel. The property is approximately 5 500 sq m and is acquired for approximately SEK 100 million. The hotel is expecting to be open for business during the first half of 2017.
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 25 September, 2015 at 14.30.CEST
For further information, please contact: CEO Erik Selin, tel. +46 706 074 790 or Head of Finance Marcus Hansson, tel. +46 768 369 848
About Fastighets AB Balder
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 38.1 billion as of 30 June 2015. The Balder share is listed on Nasdaq Stockholm, Large Cap.
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