Pandox has entered into an agreement to divest the hotel property housing Scandic Alvik in Stockholm, with 330 rooms, in the Leases business segment. The underlying property value amounts to MSEK 644, before deduction of deferred tax, which is slightly above the book value as of both 30 September 2026 and 30 September 2025. The buyer is SPP Fastigheter AB.
“Through active ownership and focused development, we have created significant value in the property. The divestment allows us to realise this value and release capital that can be used to reduce debt and create financial headroom for the company’s continued development”, says Liia Nõu, CEO of Pandox.
The hotel property’s annual net operating income amounts to approximately MSEK 34. The transaction is expected to be completed in December 2026.