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.

Datum 2025-04-14, kl 14:00
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