Swedish commercial real estate company Sagax has acquired two properties in Stockholm for SEK 345 mln (EUR 38 mln) and sold three other assets for SEK 194 mln.
Swedish commercial real estate company Sagax has acquired two properties in Stockholm for SEK 345 mln (EUR 38 mln) and sold three other assets for SEK 194 mln.
The acquired properties are located in Jordbro and offer 27,000 m2 of rentable space. The assets disposed of provide 33,000 m2 in southern and central Sweden.
'We believe that Stockholm will continue to be one of the most attractive rental markets in Sweden,' said CEO David Mindus. Following the transactions, half of Sagax's property portfolio in terms of market value will be located in Stockholm.
The deals also increase Sagax's net operating income to an annual SEK 13 mln, it added.
Sagax owns a property portfolio consisting of 1.1 million m2 over 133 buildings.
