The divestment is made at an underlying value for the hotel building of MSEK 480, which will have a positive impact on EPRA NAV of approximately MSEK 100 in the second quarter 2019. The hotel building will be reported as asset held for sale in the balance sheet until closing.

Hotel Hasselbacken has 113 rooms with a company within the Pop House Sweden group as tenant and is included in the business segment Property Management.

The divestment is made at an attractive price considering the hotel building’s limited commercial development potential with Pandox as owner.