Swedish property company Sagax AB said it has invested 910 million Swedish kronor in eight properties across Europe, continuing its expansion in the warehouse and light industrial sector.
The acquisitions, made through seven separate transactions, add 134,800 square meters of lettable area to its portfolio, according to a company statement.
The properties generate an annual rental income of 74 million kronor and have an occupancy rate of 99%, with an average remaining lease term of 5.2 years, the company said.
The investments are spread across its segments in Spain, Germany, the Benelux region, and France.
Sagax stated that transactions for 585 million kronor have been completed, with the remaining 325 million kronor expected to close in the third quarter of 2025.
The move follows a series of acquisitions by the company, including an 830 million kronor investment in Spain announced in April and a 1.09 billion kronor investment in France, Spain, and Finland in May 2024.
Sagax's business model focuses on acquiring and managing commercial properties, primarily within the warehouse and light industrial segments.
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