Pandox AB (publ) has today completed the legal reorganisation regarding the previously communicated portfolio acquisition in the UK and Ireland, whereas Pandox, according to plan, retains 20 investment properties and one operating property, and ownership of all other hotel operations are transferred to Fattal Hotels Group.
In connection with the completion a loan from Fattal Hotels Group of MGBP 120 has been set-off.
Revenue-based lease agreements of 25 years, with minimum guaranteed rent, for the 20 investment properties have also come into force with Fattal Hotels Group.
