Genesta Executes Major Lease with Huawei

Stockholm, Sweden 11/12/14

Genesta is pleased to announce that it has secured a lease with Huawei for approx. 4000 sq m of the Hornafjord 1 office building in Kista, Stockholm.

Hornafjord 1 at Isafjordsgatan 34-38 and Borgarfjordsgatan 7-13 is located in Kista, just north of Stockholm, and it will become Huawei’s new headquarters in Sweden.

Kista is a leading technology and communication cluster with over 1,000 companies working in ICT or a related field being based there. With the majority of tenants at Hornafjord also operating within these areas, Huawei’s business profile fits well with the environment. The building’s other tenants include Infor (Sweden) AB, Cale Access AB and Network Services Norden AB.

Kista is just 15 minutes by subway train from Stockholm CBD. The property consists of seven buildings totaling approximately 23,000 sq m of mainly office space and 340 parking spaces. The location of the property is just a few minutes’ walk from Kista Galleria shopping mall which offers a wide range of restaurants, shops and amenities. Kista subway station is also located close to the property. The location of the asset also provides easy access to the E4 and E18 main roads.

Genesta was assisted in the leasing process by Cushman & Wakefield, Stockholm.

About Huawei

Huawei is a Chinese multinational networking and telecommunications equipment and services company and a global leader in ICT solutions. It is the largest telecommunications equipment maker in the world, with 150,000 employees around the globe.

For more information about Huawei visit www.huawei.com

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