Sagax has, through 4 separate transactions, acquired 12 properties for SEK 1,245 million. The properties comprise 106,200 square metres of lettable area and 245,100 square metres of freehold land. Annual rental income amounts to SEK 82 million. The occupancy rate is 100%, and the average remaining lease term is 5.9 years.
Of the acquisitions, 8 properties, comprising 96,000 square metres of lettable area and 208,000 square metres of freehold land, are in Lisbon. These represent Sagax’s first investment in Portugal and will be reported together with Sagax’s operations in Spain in the Iberia segment (previously Spain).
Of the acquisition value, SEK 1,167 million relates to properties in Portugal and Spain. The remaining properties will be reported in the segments Sweden (SEK 60 million) and France (SEK 18 million).
Of the acquisitions closing has taken place for SEK 18 million during the first quarter of 2026. Closing for the remaining SEK 1,227 million is expected to take place during the second quarter of 2026.
In Portugal, property acquisitions are subject to pre-emption rights from, among others, the municipalities in which the properties are located. The necessary approvals are expected to be obtained.