A joint venture between Sweedish real estate company Nyfosa AB and peer AB Sagax (publ) is planning to purchase 15 properties for 1.4 billion Swedish krona ($150 million).

The venture, Söderport Holding AB, entered into agreements to purchase 9 properties from Nyfosa for $78 million and 6 properties from Sagax for $72 million.

These properties are located in Stockholm, Sweden and have a rental value of $10.5 million.

Additionally, the assets comprise a total leasable area of 73,000 square meters, of which 39,000 square meters are in Årsta.