Sagax has through four separate transactions acquired ten properties for the equivalent of €36.3m. The properties comprise a lettable area of 42,800m2, mainly consisting of premises for warehousing and light industrial purposes. The annual rental income amounts to the equivalent of €2.2m. The occupancy rate is 86% and the average remaining lease term is 3.6 years.
Closing is expected to take place during the fourth quarter of 2023. The acquisitions will be reported in Sagax’s segments Spain (€29.1m) and France (€7.2).
