Sagax Acquires Eight Properties
Sweden — Sagax has through five separate transactions agreed on the acquisition of eight properties in the Netherlands, three properties in Paris and one property in Stockholm. The total investment amounts to MSEK 200.
The properties comprise a lettable area of 19,900 square meters mainly consisting of premises for warehouses and light industry. The average remaining term of the lease amounts to 8.2 years and the annual rental value amounts to MSEK 13. The occupancy rate is 76 percent. Access is expected to take place during the first quarter of 2019.