Sale and leaseback of MEKO AB’s central warehouse properties
We advised Sagax in a sale and leaseback transaction whereby Sagax acquired MEKO AB’s central warehouse properties in Finland. The target of the transaction encompasses six properties consisting mainly of industrial and warehouse premises. MEKO will continue to occupy the properties by virtue of triple-net lease agreements entered into in connection with the transaction. The transaction values the properties at EUR 36.5 million on a debt-free basis.