Genesta Acquires Last Mile Logistics in Stockholm
Genesta acquires two last mile logistics properties located in Brunna Logistics Park, Stockholm. The acquisition is the first on behalf of Genesta´s fifth fund, GNRE Core Plus Open-ended.
This acquisition is a perfect start for our new fund. The properties have stable income from day one with potential for further value creation, situated in an established logistics park. We believe locations like Brunna will become increasingly attractive for logistics companies looking for space close to major population hubs and with access to important infrastructure.
- David Neil, CEO of Genesta.
First Acquisition on Behalf of new Fund
Genesta acquires two last mile logistics properties located in Brunna Logistics Park, Stockholm. The acquisition is the first on behalf of Genesta´s fifth fund, GNRE Core Plus Open-ended.
The two properties, Viby 19:101 and Viby 19:96, comprise 16,900 sqm and are fully let on long leases to reputable tenants.
- This acquisition is a perfect start for our new fund. The properties have stable income from day one with potential for further value creation, situated in an established logistics park. We believe locations like Brunna will become increasingly attractive for logistics companies looking for space close to major population hubs and with access to important infrastructure, says David Neil, CEO of Genesta.
The buildings, constructed between 2015 and 2017, are both BREEAM certified. Edström Logistics, a Swedish 3PL company, and Svenskt Kosttillskott are the tenants.
Roschier advised Genesta during the acquisition.
About GNRE Core Plus-Open ended
GNRE (Genesta Nordic Real Estate) Core Plus Open-ended is an actively managed fund investing in commercial real estate in the Nordics. The fund was launched in 2021 with EUR 152 million in equity. The fund targets commercial (logistics, residential, office and retail) real estate assets across the Nordics.
About Genesta
Genesta is a fund and investment manager that specializes in commercial real estate in the four Nordic countries. We invest in office, retail and logistics assets and have offices in Stockholm, Helsinki, Copenhagen and Luxembourg.
