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Sagax Purchases Five Properties for SEK630 Million

MT Newswires·07/27/2026 02:36:52
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02:36 AM EDT, 07/27/2026 (MT Newswires) -- AB Sagax (SAGA-D.ST, SAGA-B.ST, SAGA-A.ST) said Monday it bought five properties for 630 million kronor across three different transactions. The property company said the warehouse and light industrial assets have a lettable area of 90,500 square meters and have a total rental income of 48 million kronor a year. The average remaining lease term is 5.9 years. Sagax added that it has already finalized 448 million kronor of the transactions. The company noted that the remaining deals are expected to close in the third quarter of 2026 and the first quarter of 2027.