SAGAX INVESTS SEK 452 MILLION THROUGH 7 TRANSACTIONS

Sagax has through seven separate transactions acquired 9 properties for the equivalent of SEK 452 million. The properties comprise a lettable area of ​42,900 square metres, mainly consisting of premises for warehousing and light industrial purposes. The annual rental income amounts to the equivalent of SEK 34 million. The occupancy rate is 98% and the average remaining lease term is 4.5 years.

Closing will take place during the first quarter of 2022. The acquisitions will be reported in Sagax’s segments Netherlands (SEK 211 million), Helsinki (SEK 176 million), Madrid & Barcelona (SEK 13 million) and Rest of Europe (SEK 52 million).
 

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 September 2021 amounted to 3,699,000 square metres, distributed over 725 properties. AB Sagax (publ) is listed on Nasdaq Stockholm, Large Cap. More information is available at www.sagax.se.