Genesta has acquired the landmark office property Porkkalankatu 3 located in Ruoholahti, Helsinki from Niam.
Genesta expands its range of funds to also include a core+ strategy. The new fund GNRE Core Plus had its first close in June 2018 and has simultaneously acquired assets in Sweden to a combined value exceeding EUR 100 million out of a total investment capacity of approximately EUR 700 million.
Genesta acquires the 13,400 sqm multi-let office property Styckjunkaren 3 located in Solna on behalf of its newly established fund GNRE Core Plus from Profi Fastigheter. The acquisition is the second property acquired by GNRE Core Plus. To date the fund has acquired assets with an underlying value in excess of EUR 100 million.
Genesta has, on behalf of its newly established fund, GNRE Core Plus, in an off-market transaction acquired the properties Överblicken 2, 6 and 9 totaling 35,200 sqm of the retail park Solåsen in Jönköping from Skandia Fastigheter.
Genesta has entered into a sale and purchase agreement to acquire the office properties Svea Artilleri 10 & 11 totaling 12,800 sqm on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II) from AFA Fastigheter.
Genesta has on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II) acquired the 30,000 m2 office building Kalvebod brygge 32 from DSB (the Danish State Railways).
Genesta acquires the 66,680 sqm logistics property Juvan Teollisuuskatu 25, Espoo, on the behalf of its fund GNRE Fund II. The seller is a fund managed by J.P. Morgan Asset Management.
Genesta has on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II) acquired Arninge Centrum from Unibail-Rodamco. The 20,300 sqm retail property is strategically located in the expanding municipality of Täby, 15 km north of Stockholm city center.
Genesta’s value add funds outperformed their GRESB Benchmark (Global Real Estate Sustainability Benchmark) and received GRESB Green Star status. On a consolidated basis, Genesta achieved 5 stars out of 5 possible.
Genesta has on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II) acquired the 14,000 m2 office building Mariboes gate 13 in Oslo from T. Klaveness Eiendom AS. The purchase price is EUR 59 million.