Sagax has through ten separate transactions acquired 14 properties for the equivalent of SEK 473 million. The properties comprise a lettable area of ?65?,100 square metres, mainly consisting of premises for warehousing and light industrial purposes. The annual rental income amounts to the equivalent of SEK 36 million. The occupancy rate is 96% and the average remaining lease term is 2.5 years. Closing will take place during the fourth quarter of 2021 except for SEK 60 million that is expected to take place during the first quarter of 2022. The acquisition will be reported in Sagax's segments Netherlands(SEK 233 million), Paris (SEK 60 million), Madrid & Barcelona (SEK 42 million), University cities in Finland (SEK 71 million) and Rest of Europe (SEK 67 million).