Wihlborgs sells Mollberg in Helsingborg to Elite Hotels
Wihlborgs is selling the property Mollberg 1 in central Helsingborg to Elite Hotels of Sweden for SEK 97.5 million. The sale is taking place in company form and possession is immediate.
The property has an area of approximately 8,000 m², of which just over 7,600 m² has been rented by Elite Hotel Mollberg since 1990. There are also three shop units in the building.
Hotell Mollberg has a long and exciting history. The name goes back to 1802, when Peter Mollberg bought the inn that was on the site. Over the years, the building has been demolished, rebuilt and converted to become the beautiful, historical building it is today.
"Elite Hotels contacted us and expressed a desire to purchase the property. We have worked together for many years and we know that this is a serious company that can manage the building well. Therefore, it feels right to complete the sale," says Anders Jarl, CEO of Wihlborgs Fastigheter.
"Mollberg is a unique hotel. The acquisition of the property is part of our long-term plan to develop the product. I expect that we will invest a further SEK 30 million in the property in the next few years," says Bicky Chakraborty, CEO and owner of Elite Hotels.
Elite Hotels also rents the Wihlborgs property Terminalen 2 in central Helsingborg, where the Elite Hotel Marina Plaza is located.
Wihlborgs Fastigheter AB (publ)
Wihlborgs Fastigheter AB (publ) is a property company specialising in commercial property in the Øresund region. Its property portfolio is in Malmö, Helsingborg, Lund and Copenhagen.
Wihlborgs is the leading property company in Malmö, Helsingborg and Lund.
The book value of its properties is DKK 17.3 billion, with an annual rental value of DKK 1.5 billion.
The Wihlborgs share is listed on NASDAQ OMX Stockholm, Mid Cap segment.
Elite Hotels consists of 22 quality hotels in 13 locations from Malmö in the south to Luleå in the north. The group also includes three Hotel Bishops Arms and the Bishops Arms pub chain, which has 36 pubs. The MD and owner is Bicky Chakraborty. Elite Hotels has approximately 4,500 employees and its head office is in Stockholm. The group had total sales of approximately SEK 1.5 billion in 2010.
Contact information
Anders Jarl, CEO of Wihlborgs Fastigheter, +46 40 690 57 10
Bicky Chakraborty, CEO and owner of Elite Hotels, +46 8 566 217 70