Brief: Sagax Invests Sek 425 Million Through 4 Transactions

Sagax AB

24/10/2023 07:12

Oct 24 (Reuters) - Sagax AB  SAGAa.ST :
    * SAGAX INVESTS SEK 425 MILLION THROUGH 4 TRANSACTIONS
    * SAGAX HAS THROUGH 4 SEPARATE TRANSACTIONS ACQUIRED 10
PROPERTIES
FOR EQUIVALENT OF SEK 425 MILLION
    * PROPERTIES COMPRISE A LETTABLE AREA OF 42,800 SQUARE
METRES,
MAINLY CONSISTING OF PREMISES FOR WAREHOUSING AND LIGHT
INDUSTRIAL PURPOSES
    * ANNUAL RENTAL INCOME AMOUNTS TO EQUIVALENT OF SEK 26
MILLION
    * OCCUPANCY RATE IS 86% AND AVERAGE REMAINING LEASE TERM IS
3.6
YEARS
    * CLOSING IS EXPECTED TO TAKE PLACE DURING Q4 OF 2023
    * ACQUISITIONS WILL BE REPORTED IN SAGAX'S SEGMENTS SPAIN
(SEK 341
MILLION) AND FRANCE (SEK 84 MILLION

Source text for Eikon:  ID:nWkr9mWjD8 
Further company coverage:  SAGAa.ST 

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