Brief: Pandox Signs Lease Agreement For Hotel In Central Brussels

Pandox AB

15/11/2022 07:11

Nov 15 (Reuters) - Pandox AB  PANDXb.ST :
    * PANDOX SIGNS A NEW LEASE AGREEMENT WITH CITYBOX FOR A
HOTEL
PROPERTY IN CENTRAL BRUSSELS
    * HAS SIGNED A LEASE AGREEMENT WITH NORWEGIAN OPERATOR
CITYBOX
HOTELS FOR CURRENT NH BRUSSELS LOUISE, WHICH PANDOX ACQUIRED
EARLIER IN 2022
    * LEASE AGREEMENT IS EXPECTED TO BECOME EFFECTIVE DURING
FIRST
HALF OF 2024
    * LEASE IS REVENUE-BASED WITH A MINIMUM RENT AND RUNS OVER
25
YEARS WITH AN OPTION FOR A FURTHER 10 YEARS

Source text for Eikon:  ID:nWkr6LqSk2 
Further company coverage:  PANDXb.ST 
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