SAGAX INVESTS SEK 1,090 MILLION
Sagax has today indirectly acquired 27% of a property portfolio comprising 43 properties with 285,000 square metres of lettable area and 902,000 square metres of freehold land in France. The properties are fully leased to Metro AG which uses the premises for wholesale operations in the HORECA segment. The average remaining lease term is 10.3 years. Metro AG has more than 90,000 employees and sales amounted to approximately SEK 350 billion in 2023. The property portfolio is concentrated to the Paris, Lyon, Lille and Marseille regions and has an externally estimated market