Balder Acquires Radisson Blu Scandinavia Hotel in Central Gothenburg

Regulatory News:

Balder (STO:BALDB) acquires the company, which owns the hotel property Inom Vallgraven 1:13, for an underlying property value of SEK 700 million. The hotel is located at Drottningtorget right next to Gothenburg´s central station and Gothenburg’s shopping areas. The hotel is operated by Rezidor and has a total of 349 rooms with a total lettable area of approximately 26,700 square meters.

"We welcome this recognized hotel with its fine history and outlook to Balder”, says Erik Selin.

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 15 December 2014 at 14.00 CET.

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 34,5 billion as of 30 September 2014. The Balder share is listed on Nasdaq OMX Stockholm, Mid Cap.

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