Genesta Sells Logistics in Malmö, Sweden
Genesta sells Norra Hamnen Kubiklager located in Malmö Industrial Park, Sweden on behalf of its fund, GNRE Fund II to a fund managed by the real estate manager BentallGreenOak.
Genesta sells Norra Hamnen Kubiklager located in Malmö Industrial Park, Sweden on behalf of its fund, GNRE Fund II to a fund managed by the real estate manager BentallGreenOak.
The 19,600 square meter logistics building was acquired in February 2019 and has since been upgraded with tenant improvements and higher sustainability performance. In 2020, the property was awarded with the BREEAM In-Use Very Good certification.
Cushman & Wakefield and Roschier advised Genesta in the transaction.
We are pleased with how we have managed to improve the property during our hold. It shows we continue to execute our strategy to develop sustainable and efficient properties that offer inspiring spaces for our tenants and generate value for our investors.
- David Neil, CEO Genesta.
The sold facility is strategically located in Malmö Industrial Park, the new logistics center of the Öresund region, close to railway, harbour and highways.
We continue to look for attractive opportunities in Malmö and across the Nordics.
- David Neil.
GNRE Fund II
GNRE Fund II’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.
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.
