Sagax has acquired a portfolio of 19 properties in Spain for the equivalent of SEK 760 million. The properties comprise a lettable area of 90,300 square metres consisting of premises for cross-docking and warehousing purposes. The properties are located across Spain in prime locations within their respective sub-markets.

The annual rental income amounts to the equivalent of SEK 59 million. The occupancy rate is 100% and the average remaining lease term is 3.7 years. The lease agreements are triple net, which means that the tenants are responsible for all operating and maintenance costs in addition to the rent.

Closing has taken place today. The acquisition will be reported in Sagax's segments Spain.