Brief: Sagax Invests SEK 437 Million Through 7 Transactions

Sagax AB

29/09/2021 07:06

Sept 29 (Reuters) - Sagax AB  SAGAa.ST :
    * SAGAX INVESTS SEK 437 MILLION THROUGH 7 TRANSACTIONS
    * HAS THROUGH 7 SEPARATE TRANSACTIONS ACQUIRED 22 PROPERTIES
FOR
EQUIVALENT OF SEK 437 MILLION, OF WHICH 58% REFERS TO
NETHERLANDS, 23% TO MADRID, 15% TO FINLAND AND 4% TO PARIS
    * LETTABLE AREA AMOUNTS TO 50,400 SQUARE METERS, MAINLY
CONSISTING
OF PREMISES FOR WAREHOUSING AND INDUSTRIAL PURPOSES.
    * GROSS ANNUAL RENTAL INCOME AMOUNTS TO EQUIVALENT OF SEK 36
MILLION.
    * OCCUPANCY RATE IS 100% AND AVERAGE REMAINING LEASE TERM IS
5.0
YEARS.
    * CLOSING FOR EQUIVALENT OF SEK 369 MILLION HAS TAKEN PLACE
DURING
Q3 OF 2021
    * CLOSING FOR REMAINING SEK 68 MILLION IS EXPECTED TO TAKE
PLACE
DURING Q4 OF 2021.

Source text for Eikon:  ID:nWkr2054v8 
Further company coverage:  SAGAa.ST 

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