Sagax makes acquisitions in Europe

David Mindus, CEO of Sagax.

Image: Sagax

Sagax makes acquisitions in Europe

Sweden — Sagax has through 11 separate transactions acquired 36 properties for the equivalent of SEK 1,180 million. The properties comprise a lettable area of 120,900 square metres and 401,700 square metres of freehold land. The annual rental income amounts to the equivalent of SEK 89 million. The occupancy rate is 100 percent and the average remaining lease term is 11.5 years.

2025-12-15

Closing for the equivalent of SEK 487 million has taken place. Closing for the remaining SEK 693 million is expected to take place during the fourth quarter of 2025 and the first quarter of 2026.

Of the investments, SEK 690 million refers to properties in Denmark, which will be reported in Sagax’s Other Europe segment. The remaining properties will be reported in the Benelux (SEK 307 million), France (SEK 119 million), Finland (SEK 58 million) and Germany (SEK 6 million) segments.

In France, municipalities have a right of first refusal regarding property transactions. Necessary approvals are expected to be obtained.

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