Sagax invests €52m in three warehouses in Benelux and France

Swedish commercial property company Sagax, specializing in warehouse and light industrial properties, has invested SEK 570 mln (€52 mln) in three properties.

Sagax warehouse

These properties offer a total of 80,400 m² of leasable space and are situated on 196,200 m² of land. They currently generate an annual rent of SEK 60 mln (€5.5 mln) and have a 93% occupancy rate with an average lease term of 3.2 years.
The closing for the equivalent of SEK 505 mln (€46 mln) has already taken place, while the closing for the remaining SEK 65 mln (€5.9 mln) is scheduled for Q2 2025.
Acquired through two separate transactions, the properties are located in the Benelux region and France.
As of 31 December 2024, Sagax’s total property portfolio comprised 4.38 million m², spread across 983 properties.