SAGAX DIVESTS RESIDENTIAL PROJECT IN JÄRFÄLLA
Sagax has today signed an agreement with Peab regarding the transfer of the property Veddesta 1:13 in Järfälla municipality, Stockholm. The property was acquired by Sagax in 2007 and has previously been used for industrial purposes but is since June 2020 covered by a new zoning plan according to which the property may be developed with housing, commercial premises and other public services. The divestment is structured as a company transaction at an agreed property value of SEK 201 million. The purchase price is in line with the reported value as per 30 June 2021. The transaction is