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SAGAX INVESTS SEK 830 MILLION THROUGH 4 TRANSACTIONS

Sagax has acquired 6 properties in Barcelona and 1 property in Madrid through 4 separate transactions for the equivalent of SEK 830 million. The properties comprise a lettable area of 75,900 square metres and 111,200 square metres of freehold land.

A newly developed property with an estimated rental value of SEK 13 million is acquired with an occupancy rate of 34% and one property with an estimated rental value of SEK 6 million is acquired vacant. The annual rental income for the remaining properties amounts to the equivalent of SEK 43 million, corresponding to an occupancy rate of 96%. The average remaining lease term is 4.4 years.

Closing has taken place. The acquisitions will be reported in Sagax’s segment Spain.

For further 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 December 2024 amounted to 4,834,000 square metres, distributed over 983 properties. AB Sagax (publ) is listed on Nasdaq Stockholm, Large Cap. More information is available at www.sagax.se.

Every care has been taken in the translation of this press release. In the event of discrepancies, however, the Swedish original will supersede the English translation.

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SAGAX INVESTS SEK 830 MILLION THROUGH 4 TRANSACTIONS

Datum 2025-04-14, kl 14:00
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SAGAX INVESTS SEK 830 MILLION THROUGH 4 TRANSACTIONS
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