Genesta enters into an agreement to acquire the office property Repslagaren 34 on behalf of its fund GNRE Fund III from Klara Norra Fastigheter AB.
The strong location bordering the CBD and a diversified tenant mix suits us perfectly.- David Neil, ceo.
The 6,200 square meter property is centrally located in Östermalm, Stockholm. This is the second acquisition on behalf of GNRE Fund III in a short period of time. The fund acquired Filmstaden 23 in Råsunda, Solna, earlier this year.
With these two properties in place, we will now continue to build our portfolio across the Nordics.- David Neil, ceo.
Roschier and PWC advised Genesta during the acquisition.
GNRE Fund III
GNRE Fund III’s strategy is to provide institutional investors with exposure 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.