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2021-11-02

Sagax: SAGAX INVESTS SEK 557 MILLION THROUGH TWO TRANSACTIONS

Sagax has through two separate transactions acquired 10 properties in Finland. The total investment amounts to the equivalent of SEK 557 million.

The properties encompass a land area of 168,400 square metres and a lettable area of 40,500 square metres. The annual rental income amounts to the equivalent of SEK 53 million. The occupancy rate is 98% and the average remaining lease term is 8.0 years.

Closing has taken 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 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.

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