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.

Short Facts

Vintage Year 2015
Strategy Value add
Type: Closed-ended
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.

Short Facts

Vintage Year 2007
Strategy Value add
Type: Closed-ended
Committed Equity: EUR 176 million
Target: Commercial real estate in the Nordic and Baltic regions
Performance (net): 7%/1.45x
GNBRE I has Outperformed

Segregated Accounts

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

Terms and Conditions

The information on this website is intended for institutional or professional investors, including regulated financial intermediaries, regulated insurance companies, government or public authorities, corporate treasurers and financial advisers.
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