Pandox AB (publ) has completed the acquisition of three hotel properties in Germany, which was announced 18 June 2019.
The hotels’ expected contribution to rental income and net operating income 2019 have been adjusted to approximately MEUR 6.0 and MEUR 5.8 respectively, on an annualised basis.
The hotel properties are reported in the business segment Property Management per 1 July 2019. For more information about the acquired hotel properties, please see the press release from 18 June 2019 when the acquisition was announced.