Sagax invests €75m in seven Spanish properties

Swedish real estate company Sagax invested SEK 830 mln (€75 mln) in seven Spanish properties across four separate deals. 

Six properties are located in Barcelona and one in Madrid, totalling 75,900 m2 of leasable space on 111,200 m2 of land. 
One newly built property with an estimated value of SEK 13 mln (€1.2 mln) is 34% occupied, another is vacant with an estimated rental value of SEK 6 mln (€546,000), and the remaining properties have a 96% occupancy rate and 4.4-year average remaining lease term. 
The acquisitions are now part of Sagax's Spanish portfolio that consists of commercial properties in Spain, primarily in the warehouse and light industry segment. At the end of 2024, the Spanish property holdings amounted to 523,000 m2.
In February, Sagax invested SEK 420 mln (€38 mln) across four separate property acquisitions, totalling 23,400 m2 of leasable space and 42,000 m2 of land. The acquisitions were split between Benelux (€20 mln), France (€12 mln), and Spain (€6 mln).