Sagax Real Estate Socimi, the Spanish subsidiary of Swedish property group AB Sagax, has acquired five industrial and logistics assets in Spain for a combined €80.9 million, according to El Confidencial.
The portfolio comprises three properties in Madrid, one in Valencia and one in Granada, with 83,000 sqm of lettable space across 152,700 sqm of land. The assets are fully occupied, with leases carrying an average remaining term of 3.6 years and generating €6 million in annual rental income.
The acquisitions, completed through two separate transactions in August, increase Sagax’s Spanish portfolio from 701,000 sqm at the end of June to approximately 784,000 sqm, representing growth of around 12%.
The deal follows Sagax’s acquisition in July of a last-mile logistics asset in L’Hospitalet de Llobregat, Barcelona. The company’s Spanish strategy focuses on industrial and logistics properties close to major urban centres, with Madrid and Barcelona accounting for 496,084 sqm of its portfolio at the end of the first half of 2026.
Sagax has operated in Spain since 2019 and is currently active in eight European markets: Sweden, Finland, France, Germany, the Netherlands, Belgium, Spain and Portugal.
The transaction comes amid strengthening investment activity in Spain’s logistics sector. According to CBRE data, logistics investment in Spain reached €281million in the first quarter of 2026, with Madrid and Catalonia accounting for more than 70% of total activity.
