Sagax invests €32M to expand its portfolio in Spain

Sagax invests €32M to expand its portfolio in Spain

The Swedish real estate company specializing in light industrial assets has invested 32 million euros in Spain in the first half of the year in the acquisition of seven assets in Spain, in addition to updating some assets in its portfolio.

The socimi allocated 28.2 million euros to the purchase of seven assets in Madrid (1) and Barcelona (6), totaling 32,400 square meters. The most prominent is the property located at number 17 Sepúlveda Street, in Alcobendas, for which the real estate company paid out ten million euros. In addition, it allocated another 3.8 million euros to renovate and update some of its properties.

Parallel to its growth plans in Spain, Sagax completed its incorporation into a socimi with the start of its listing on Euronext Access Paris, thus joining the growing group of real estate companies that choose this market to become public companies and thus benefit from the tax benefits that this entails.

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