Sagax Makes Real Estate Trade in Stockholm

Sweden — Sagax has agreed with S:t Erik Markutveckling about a real estate trade in Bromma, Stockholm. Sagax sells the leasehold to Valsverket 10 for MSEK 203 (EUR 21M) and purchases part of the Gjutmästaren 6 for SMEK 21.5 (EUR 2.3M).

2017-09-08

Part of the Gjutmästaren 6 consists of an uninhabited land area adjacent to Sagax Real Estate Caster 8. Sagax is expected to withdraw Valsverket 10 in the first quarter of 2020 and enter part of the Gjutmästaren 6 in April 2018.

The deal is conditional upon decisions in Stockholm City Hall, Stockholm City Council and the acquisition of building permits.

Axel Ohlsson

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