SAGAX INVESTS SEK 437 MILLION THROUGH 7 TRANSACTIONS

Sagax has through 7 separate transactions acquired 22 properties for the equivalent of SEK 437 million, of which 58% refers to the Netherlands, 23% to Madrid, 15% to Finland and 4% to Paris. The lettable area amounts to ​50​,400 square meters, mainly consisting of premises for warehousing and industrial purposes.  

The gross annual rental income amounts to the equivalent of SEK 36 million. The occupancy rate is 100% and the average remaining lease term is 5.0 years.

Closing for the equivalent of SEK 369 million has taken place during the third quarter of 2021. Closing for the remaining SEK 68 million is expected to take place during the fourth quarter of 2021.

For more information, please contact CEO David Mindus tel. +46 8 545 83 540.

About AB Sagax

AB Sagax is a property company whose business concept is to invest in commercial properties, primarily in the warehouse and light industry segment. Sagax’s property holdings per 30 June 2021 amounted to 3,615,000 square metres, distributed over 693 properties. AB Sagax (publ) is listed on Nasdaq Stockholm, Large Cap. More information is available at www.sagax.se.

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