The transaction was delivered through the subsidiary Sarantis Polska.

In a statement, the company said its board is reviewing the group structure through the lens of driving shareholder value.

The partnership in the joint project Elbtower in Hamburg is not affected by this transaction.

The new Radisson Hotel & Suites Zurich is located in the Glattpark district of Opfikon, a new development in the Zurich metropolitan area.

The Group declared a dividend payment for the first time since 2010.

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