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Sagax Invests €32 Million in its Portfolio of Assets in Spain

The company has allocated 28.2 million to the purchase of one asset in Madrid and six in Barcelona.

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The Swedish investment firm Sagax has reinforced its portfolio of assets in Spain with the injection of 32 million euros. The real estate company, which specialises in light industrial assets, has invested 32 million euros in Spain during the first six months of the year. It has acquired a total of seven assets and has also renovated some of the other properties in its portfolio.

The company, which began trading on Euronext Acces Paris in mid-June, has allocated 28.2 million euros to the purchase of one asset in Madrid and six in Barcelona. Together, those properties span an area of ​​32,400 square metres. The purchases include assets such as the premises located at number 17 Calle Sepúlveda, in the Madrilenian town of Alcobendas, worth 10 million euros. Besides its acquisitions, the firm has also invested 3.8 million euros in the renovation and updating of some of its other properties, according to reports from Eje Prime.

Read the full article in Spanish.

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