Klövern signs a 20-year lease with Elite Hotels in Uppsala

The lease contract encompasses around 10 000 sq.m. and involves construction of a new hotel right next to the former post office building (gamla Posthuset). The property is situated in central Uppsala, close to the central station, the city hall and the new travel interchange. The hotel will have around 200 rooms and is designed in an architecturally exciting style. The tenant is estimated to move in on 1 September 2016.

Elite Hotels has beautiful quality hotels in central locations in a large number of Swedish cities, where every hotel has its own unique history and special character.

"It is inspiring to finally be able to establish Elite in Uppsala. Our customers have for a long time asked for an Elite hotel in Sweden's fourth largest city and I am convinced that the hotel will be a valuable contribution to Uppsala's hotel and restaurant market", says Elite Hotels' CEO and owner Bicky Chakraborty.

"Now we take the next step by completing phase 2 of our ongoing project at the central station in Uppsala. We are very pleased to welcome Elite Hotels as a tenant and we believe that this will contribute in several positive ways to the city's development", says Klövern's CEO Rutger Arnhult.

Annordia has been adviser to Klövern.

Klövern AB (publ)

For additional information:
Rutger Arnhult, CEO, +46 (0)70-458 24 70, rutger.arnhult@klovern.se
Lars Norrby, IR, +46 (0)76-777 38 00, lars.norrby@klovern.se

Klövern is a real estate company committed to working closely with customers to offer them efficient premises in Swedish growth regions. As of September 30, 2014, the value of the properties totaled SEK 29 billion and the rental value on an annual basis was SEK 2.9 billion. Klövern is listed on Nasdaq Stockholm. For further information, see www.klovern.se.

Klövern AB (publ), Box 1024, 611 29 Nyköping. Phone: +46 155-44 33 00. E-mail: info@klovern.se.

This information is such that Klövern AB (publ) is obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication on 16 January 2015.