Press release - SAGAX SPAIN INVESTS EUR 65.8 MILLION - 25 July 2023

25 Jul 2023 14:39 CEST

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Issuer

SAGAX REAL ESTATE SOCIMI, S.A.

SAGAX SPAIN INVESTS EUR 65.8 MILLION IN CROSS-DOCK AND WAREHOUSE PORTFOLIO

Sagax Spain has acquired a portfolio of 19 properties for the equivalent of EUR 65.8 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 EUR 5.1 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.

For more information, please contact CEO Carlos Galofré tel. +34 649 32 17 98

press-release-25-07-2023.pdf

Source

SAGAX REAL ESTATE

Provider

Euronext

Company Name

SAGAX REAL ESTATE SOCIMI

ISIN

ES0105651006

Symbol

MLSAG

Market

Euronext Access

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Sagax Real Estate SOCIMI SA published this content on 25 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2023 12:44:06 UTC.