Sagax has acquired 48 properties in France for the equivalent of SEK 2.0 billion. The property portfolio comprises 88,000 square metres of lettable area and 782,000 square metres of freehold land.
The properties are primarily used as depots for public transport buses. The portfolio is let to high-credit-quality tenants, including state-controlled entities and leading public transport operators. The depots are strategically located within their respective submarkets. The portfolio is geographically diversified across France, with a concentration in the Paris, Lyon and Marseille regions.
The rental income amounts to the equivalent of SEK 166 million, of which 94% is indexed to ILAT, a standard index for commercial leases in France. The occupancy rate is 99%, and the average remaining lease term is 5.0 years. The net initial yield on total acquisition cost is estimated at 6.7%.
Closing is expected to take place during the fourth quarter of 2026. The acquisition will be reported in Sagax's France segment.