Sagax Becomes Large Owner in Emilshus

David Mindus, CEO of Sagax.

Image: Sagax

Sagax Becomes Large Owner in Emilshus

Sweden — Sagax has today agreed to sell eight properties in Småland for SEK 180 million to Fastighetsbolaget Emilshus AB. Emilshus will pay the purchase price in the form of newly issued shares. Emilshus is a real estate company focusing on commercial real estate in the Småland part of Sweden. Sagax will own 25 percent of Emilshus.

2019-10-23

The transferred properties comprise a total of 47,000 square meters of lettable area and are located in Aneby, Eksjö, Gnosjö, Nässjö, Sävsjö (2), Tranås and Vetlanda. The average remaining lease term of the lease amounts to 6.4 years and the annual rental income to MSEK 15.3.

Sales take place in company form and resignation is expected to take place in November. In Sagax's financial reporting, the properties were included in the segment "Sweden, other". The transaction does not result in any realized change in value.

Axel Ohlsson

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