Swedish property company AB Sagax signs SEK395m sales and lease-back deal with Gambro AB
Wednesday, January 09, 2008; Posted: 08:15 AM

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Jan 09, 2008 (NORDIC BUSINESS REPORT via COMTEX) -- GAMBF | news | PowerRating | PR Charts -- Swedish property company AB Sagax said on Wednesday (9 January) that it has signed a SEK395m property sales and lease-back agreement with the Swedish medical technology group Gambro AB.

The agreement, based on an option agreement initially announced in December 2007, covers Gambro's properties in Hechingen, Germany.

Sagax, headquartered in Stockholm, Sweden, acquires, develops and manages mainly warehouse and industrial properties. The company's property portfolio comprises 98 properties of a total of 742,000 square metres. Sagax is listed on the OMX Nordic Exchange in Stockholm.

One British pound (GBP) is worth approximately 12.56 Swedish kronor (SEK).

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