Genesta Acquires Mariboes Gate 13 in Oslo

Oslo, Norway 28/06/17

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.

Mariboes gate 13 106

Mariboes gate 13 is located in the eastern part of the city center in a vibrant area with a mix of offices, shops and restaurants, close to the governmental area and the central station. The area is a preferred office location for public tenants. The property is situated just outside the area proposed to be a car-free zone from 2019.

We are delighted about undertaking yet another project in Oslo. Mariboes gate 13 is a perfect fit for us and we are excited about its potential. The property will offer our tenants modern and efficient office space in a great location

- David Neil, CEO

We are pleased to be adding Mariboes gate 13 to our growing portfolio of office and retail properties across the Nordics.

This is the sixth acquisition on behalf of GNRE Fund II. GNRE Fund II’s strategy is to provide institutional investors with access to value add office property investments in Stockholm, Copenhagen, Helsinki and Oslo. The fund also invests in retail and logistics properties in large metropolitan areas in the Nordic region. The fund has EUR 373 million of committed capital from twelve institutional investors.