Genesta Sells Office Property in Central Stockholm
Art8n combines a prime inner-city location with a strong sustainability profile and modern, efficient office solutions. We are pleased to hand over a well-performing asset that reflects our focus on long-term value creation, says David Neil, CEO of Genesta.
- David Neil, CEO of Genesta.
Genesta sells the office property Art8n, officially known as Repslagaren 34, on behalf of its fund GNRE Fund III. The 6,100 square meter building is located at Linnégatan 18 in Östermalm, Stockholm, just steps from Stureplan and Humlegården. The buyer is Folksam Group.
- Art8n combines a prime inner-city location with a strong sustainability profile and modern, efficient office solutions. We are pleased to hand over a well-performing asset that reflects our focus on long-term value creation, says David Neil, CEO of Genesta.
Since acquiring the property in 2020, Genesta has executed a comprehensive upgrade program focused on technical improvements and enhanced tenant experience. In September 2024, Art8n achieved BREEAM In-Use Excellent, reflecting several strategic sustainability initiatives, including advanced lighting systems, a modern building management system, improved bicycle facilities, EV charging, a circular re-use room and the transformation of the inner courtyard into a green tenant oasis.
During our ownership, we have focused on strengthening the overall experience of the building. With these upgrades in place, Art8n is well positioned for its next chapter under Folksam’s ownership, says David Neil.
- David Neil.
In addition to the environmental upgrades, Genesta has also modernized the lobby and the courtyard, refreshed multiple tenant areas and improved the overall functionality — ensuring that Art8n meets contemporary workplace expectations.
- During our ownership, we have focused on strengthening the overall experience of the building. With these upgrades in place, Art8n is well positioned for its next chapter under Folksam’s ownership, says David Neil.
Cushman & Wakefield and Roschier advised Genesta in the transaction.
About 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 invests in office, retail and logistics properties in large metropolitan areas in the Nordic region.
About Genesta
Genesta is a fund and investment manager that specializes in real estate in the four Nordic countries. We invest in logistics, residential, office and retail assets and have offices in Stockholm, Helsinki, Copenhagen and Luxembourg.
