SAGAX REAL ESTATE SOCIMI INVESTS EUR 76 MILLION THROUGH 4 TRANSACTIONS

14 Apr 2025 11:27 CEST

Sagax has acquired 6 properties in Barcelona and 1 property in Madrid through 4 separate transactions for EUR 76 million. They comprise a lettable area of 75,900 sqm and 111,200 sqm of freehold land.

A newly developed property with an estimated rental value of 1,2 million is acquired with an occupancy rate of 34% and one property with an estimated rental value of EUR 0,6 million is acquired vacant. The annual rental income for the remaining properties amounts to the equivalent of EUR 3,9 million corresponding to an occupancy rate of 96%. The average remaining lease term is 4.4 years. 

press-release-sagax-socimi-2025.pdf