Brussels (Brussels Morning Newspaper) – The EU Commission has authorised the formation of a joint venture by Sweden’s AB Sagax and Swiss Life Investment Management Holding AG from Switzerland.
The Commission has assessed that the notified transaction would not increase competition concerns, given the companies’ fixed combined market position resulting from the proposed transaction. The reported transaction was analysed under the simplified merger review procedure. In a joint venture, these two companies are working together to grab the opportunities that the commercial property market has in store for them. They are targeting warehouses and light industrial properties across Europe.
It’s meant to further enhance the capability of investments for commercial properties in the warehouse and light industrial, which happen to be the centre of the business model used at Sagax and a collaborative effort in a manner that they combine their knowledge and resources with other companies for capitalising on other attractive opportunities found in the Europe market. This is in line with Sagax’s strategy, which is one of diversification of its portfolio of properties with expansion in those key markets, thereby contributing to its overall growth and profitability.
What are the key focuses of Sagax’s investments?
AB Sagax is a publicly listed company based in Stockholm, Sweden that deals in real estate with a speciality for the investment and management of commercial properties. Founded in 2003, this company has the main focus on light industrial buildings and warehousing facilities, wherein 90% of its activities are located within Stockholm and Helsinki. The revenues of the company in 2021 were about USD 361 million. The company is very fast expanding across multiple European countries including Finland, France, and Germany. Sagax is also committed to improving the sustainability of the company. Energy consumption goals will be lowered while green buildings through green bonds are being invested in.
How is Swiss Life integrating sustainability in investments?
A holding in the Swiss Life Group is the subsidiary, under this umbrella, where Swiss Life Investment Management lies- a Swiss asset manager focused on investments in real estate. It deals with several properties in Europe. Swiss Life Investment Management manages many properties example, residential, commercial, and mixed-use properties. Swiss Life Investment Management offers customised investment solutions to institutional clients. Swiss Life Investment Management has a sustainable return due to its competency that excels with vast knowledge of the markets. Swiss Life has undertaken responsible investment practices through integrating environmental, social, and governance criteria within the decision-making process of the company.
