SAGAX INVESTS SEK 775 MILLION THROUGH EIGHT TRANSACTIONS
Sagax has through eight separate transactions acquired five properties in Finland, three properties in Paris, three properties in the Netherlands and one property in Stockholm. The aggregate acquisition cost amounts to the equivalent of SEK 775 million. The properties have a lettable area of 58,300 square meters, mainly consisting of premises for warehousing and industrial purposes. The gross annual rental value amounts to the equivalent of SEK 59 million. The occupancy rate is 97% and the average remaining lease term is 3.7 years. Closing for the equivalent of SEK 182 million has