SAGAX INVESTS SEK 623 MILLION THROUGH 6 TRANSACTIONS

Sagax has through six separate transactions acquired 18 properties for the equivalent of SEK 623 million. The properties comprise a lettable area of 66,900 square metres, mainly consisting of premises for warehousing and light industrial purposes. The annual rental income amounts to the equivalent of SEK 60 million. The occupancy rate is 95% and the average remaining lease term is 3.9 years.
 
Closing for the equivalent of SEK 471 million has taken place. Closing for the remaining SEK 152 million is expected to take place during the third and fourth quarter of 2022. The acquisitions will be reported in Sagax’s segments Finland (SEK 350 million), France (SEK 124 million), Spain (SEK 121 million) and the Netherlands (SEK 28 million). In France, municipalities have a right of first refusal regarding property transactions. Such right of first refusal applies to the equivalent of SEK 124 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 31 March 2022 amounted to 3,847,000 square metres, distributed over 690 properties. AB Sagax (publ) is listed on Nasdaq Stockholm, Large Cap. More information is available at www.sagax.se.

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