Sagax's strategic expansion in France
Swedish logistics investor Sagax has significantly bolstered its European portfolio with a major acquisition in France. The company secured thirteen new strategic sites spread across the critical economic regions of Paris, Lyon, Marseille, and Bordeaux.
This substantial expansion adds 100,700 square meters of prime rental space and 166,200 square meters of freehold land to Sagax’s already extensive holdings.
The total transaction value for these properties reached 42.74 million euros, equating to an average cost of approximately 420 euros per square meter, with an estimated net yield of 7.4 percent. While these newly acquired facilities are currently fully occupied, boasting an average remaining lease term of six years, this investment underscores a strong and active market.
Prime locations driving logistics growth
The selection of Paris, Lyon, Marseille, and Bordeaux for these acquisitions highlights their undeniable importance as major logistics hubs within France. These regions offer unparalleled access to robust transportation networks, including road, rail, air, and sea, facilitating efficient distribution across France and into wider European markets.
For businesses seeking to optimize their supply chains and reach diverse customer bases, securing a presence in these areas is often a strategic imperative. Sagax's focused investment in these key locations reaffirms their status as premium targets for logistics and industrial operations.
Implications for businesses seeking logistics space
While the immediate availability of space from these specific acquisitions is limited due to full occupancy, Sagax’s significant investment carries important implications for businesses actively seeking warehouse or logistics facilities. This robust expansion indicates strong investor confidence and a vibrant, growing demand for logistics space in France.
It suggests a healthy market where new opportunities may arise as current leases mature or as Sagax continues to grow its portfolio through further developments and acquisitions. Businesses should view this as a positive sign of continued market growth and potential future availabilities, emphasizing the importance of staying informed about market movements in these high-demand zones.
Sagax's growing european footprint
This latest acquisition is not an isolated event but rather a continuation of Sagax’s aggressive growth strategy in Europe. The company had previously completed another acquisition in France valued at approximately 10 million euros. With nearly a thousand logistics sites under management and a total footprint of close to five million square meters across the continent, Sagax is a dominant player in the European logistics real estate market.
Their ongoing commitment to expanding their portfolio in strategic locations like France provides a stable and reliable foundation for businesses looking for long-term logistics solutions and partnerships.
Source: cfnewsimmo.net
