SAGAX INVESTS SEK 1,585 MILLION IN FRANCE
On 5 May 2024 (Press release no. 7, 2024), Sagax announced that it had acquired 27% of a property portfolio in France comprising 43 properties with 285,000 square metres of lettable area and 902,000 square metres of freehold land. Sagax has today acquired an additional 43% interest in the portfolio.The investment is made through acquisition of 43% of the shares in the property owning SPV. The investment represents a property acquisition of SEK 1,585 million.Following today’s acquisition Sagax owns 70% of the SPV. The shares, which are unlisted, are acquired from a European insurance