What We Do
We are an independent real estate fund management company with a focus on commercial 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 31 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 16 realizations generated project IRR’s net of taxes of 17% and a 1.8x equity multiple.
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 outperformed their peers through hands-on asset management and vast market knowledge. 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-ended fund investing in commercial real estate in the Nordics. The fund was launched in 2015 with EUR 373 million in equity from 12 institutional investors. GNRE Fund II is Genesta’s second value add fund 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-ended 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%.