Sagax has through seven separate transactions acquired 22 properties for the equivalent of SEK 437 million, of which 58 percent refers to the Netherlands, 23 percent to Madrid, 15 percent to Finland and 4 percent to Paris. The lettable area amounts to 50,400 square meters, mainly consisting of premises for warehousing and industrial purposes.
The gross annual rental income amounts to the equivalent of SEK 36 million. The occupancy rate is 100% and the average remaining lease term is 5.0 years.
Closing for the equivalent of SEK 369 million has taken place during the third quarter of 2021. Closing for the remaining SEK 68 million is expected to take place during the fourth quarter of 2021.