GNRE Fund II
GNRE (Genesta Nordic Real Estate) Fund II is an actively managed closed-end fund investing in commercial value add real estate in the Nordic region.
GNRE Fund II will follow a similar strategy to its successful predecessor GNBRE Fund I. The fund will use a maximum of 50% leverage and be diversified by risk profile, country and property sector.
|Committed Equity:||EUR 372 million|
|Target:||Commercial real estate in the Nordic region|
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 benchmark. To date the total NOI-growth for the fund is 36%.
The fund is currently undergoing divestment and has so far sold six of its originally ten properties representing about 70% of the fund’s capital.
|Committed Equity:||EUR 176 million|
|Target:||Commercial real estate in the Nordic and Baltic regions|
Genesta is built on the foundations of the segregated account mandates we were awarded back in 2003. We continue to offer bespoke segregated accounts according to the preferred strategies and specific objectives of investors. Each account is led by a senior director and our services are customized to meet the requirements of each mandate.
For further information please contact Investor Relations