Brief: Sagax Invests SEK 645 Mln In Properties In France, Finland, Netherlands
08/11/2023 14:27
Nov 8 (Reuters) - Sagax AB SAGAa.ST :
* INVESTS SEK 645 MILLION
* COMPANY HAD AGREED TO ACQUIRE 47 PROPERTIES IN FRANCE FOR SEK 930 MILLION
* INVESTMENT COULD UNDER CERTAIN CONDITIONS BE INCREASED BY SEK 485 MILLION
* SELLER WILL ENTER INTO LONG-TERM LEASE AGREEMENTS FOR ALL PROPERTIES
* RENTAL INCOME AMOUNTS TO EQUIVALENT OF SEK 35 MILLION PER YEAR
* OCCUPANCY RATE IS 100%
* ENTERED INTO SALE- AND LEASEBACK TRANSACTION CONCERNING 19 ADDITIONAL PROPERTIES IN FRANCE
* INVESTMENT IN ADDITIONAL PROPERTIES IN FRANCE SEK 485 MLN
* ACQUIRED ONE PROPERTY IN FINLAND, ONE PROPERTY IN NETHERLANDS IN TWO SEPARATE TRANSACTIONS
WORTH
TOTAL SEK 160 MLN
Source text for Eikon: ID:nWkr8PMhWr
Further company coverage: SAGAa.ST
(Gdansk Newsroom)
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