Listed Swedish property company Sagax has signed its third acquisition in Stockholm in a week with the purchase of the Vitå 1 property in Kista, Northern Stockholm, for SEK 198 mln (EUR 21.5 mln), representing a net initial yield of 8%. The acquisition is financed with equity and with a seven-year revolving credit facility of SEK 140 mln. Completion will take place on July 1.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
