The properties are fully leased to Metro AG which uses the premises for wholesale operations in the HORECA segment. The average remaining lease term is 10.3 years. Metro AG has more than 90,000 employees and sales amounted to approximately SEK 350 billion (EUR 31 billion) in 2023.

The property portfolio is concentrated to the Paris, Lyon, Lille and Marseille regions and has an externally estimated market value of the equivalent of SEK 3,450 million (EUR 307 million). The annual rental income amounts to the equivalent of SEK 277 million (EUR 25 million) and is indexed to ILC, a standard index for commercial leases in France. The tenant is responsible for all operating and maintenance costs with the exception for the long-term maintenance of the properties.

Sagax's investment is made through acquisition of 27 percent of the shares in the SPV owning the properties. The shares are unlisted and are acquired from Amundi Real Estate.

Additionally, Sagax has acquired two properties in Spain and one property in Finland. The properties have a total lettable area of 25,300 square meters, mainly consisting of premises for warehouse and industrial purposes. The rental income amounts to the equivalent of SEK 14 million (EUR 1.2 million) per year. The occupancy rate is 100 percent. The average remaining lease term is 4.6 years.

Sagax total investment amounts to the equivalent of SEK 1,090 million (EUR 97 million) and closing has taken place.