SAGA to acquire the 17 logistics buildings and a parkhouse of VGP for €509m.

SAGA, a real estate investment vehicle, agreed to acquire the 17 logistics buildings and a parkhouse of VGP, a developer and manager of logistics real estate, for €509m. “This third closing marks a major milestone for the SAGA joint venture, nearly doubling the value of its portfolio and reinforcing our strong partnership with VGP. We are proud to expand into four new countries, further strengthening our presence in Europe’s most attractive logistics markets. With robust sector fundamentals, we see compelling opportunities ahead and remain committed to accelerating growth together”, Jesper Warén, Areim Head of Light Industrial Investments.