What We Do
We are an independent real estate fund management company with a focus on commercial value add real estate in the Nordic region. Through our funds, institutional investors enjoy the combined benefits of first class asset management and in-depth market knowledge.
We are a vertically integrated organization. Our professionals use a hands-on approach and ensure the quality of our key functions – analysis, acquisitions, fund management and asset management. We have offices in Sweden, Finland, Denmark and Luxembourg. Our 30 employees are focused on unlocking and utilizing the inherent potential in commercial real estate, resulting in superior risk-adjusted returns for our investors.
Our track record is proven. The last 15 realizations generated project IRR’s net of taxes of 23% and 2.0 times equity.
Knowing the Market
Our goal is to be the preferred local partner for international investors. Since our inception in 2003 we have proven that our business model works. Our funds have, through hands-on asset management and vast market knowledge outperformed their peers. Genesta’s first fund, GNBRE Fund I, performed in the top quartile against INREV and IPD benchmarks.
GNRE Fund II
GNRE (Genesta Nordic Real Estate) Fund II is an actively managed closed end fund investing in commercial real estate in the Nordics. GNRE Fund II is Genesta’s second value add fund focused on the Nordics and follows a similar strategy to GNBRE Fund I. Please see our properties acquired by the fund.
GNBRE Fund I
GNBRE (Genesta Nordic Baltic Real Estate) Fund I is a closed end fund launched in 2007 with Euro 176 million of committed equity capital from 12 European institutional investors. The fund targeted mid-risk commercial (office, retail and logistics) real estate assets in the Nordic and Baltic region.
The 2007-year vintage Nordic diversified fund has significantly outperformed the IPD and the INVREV benchmark; the fund is in the top quartile for vintage 2007 in the INREV benchmarks. To date the total NOI-growth for the fund is 36%.
The fund is currently undergoing divestment and has sold six of its originally ten properties.