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The assets, which were not of a long-term strategic nature for the company, were low-leveraged and the divestment adds significant liquidity to Genova and strengthens the balance sheet.
Michael Moschewitz, CEO of Genova Property Group.
Image: Genova
Genova completes divestment of hotel properties in Palma de Mallorca
Sweden —
As previously announced, Genova has divested two fully leased hotel properties in Palma de Mallorca in Spain for approximately EUR 35 million. The properties were ceded to the buyer on Wednesday.
2023-10-19
Axel Ohlsson
[email protected]
