Sagax Acquires Helsinki Property
Finland — Sagax has an agreement regarding the acquisition of a property in Vanda, Northwest of central Helsinki and ten minutes from Helsinki airport. The total acquisition cost amounts to corresponding EUR 16.2M.
The property encompasses 17,300 sqm land area and contains 6,300 sqm leasable area. The facilities are newly renovated and adjusted during 2016. The property is fully leased. The rental value amounts to corresponding EUR 1.12M. Possession takes places during Q4 2018, at the latest.