Genesta Acquires in Stockholm
Sweden Genesta has, on behalf of Genesta Nordic Real Estate Fund II, acquired Arninge Centrum from Unibail-Rodamco.
“We are thrilled to complete our first acquisition in Sweden for GNRE Fund II. Arninge Centrum has a great deal of potential and we have a positive view on retail in growing and expanding municipalities in Sweden. This is the fund’s seventh acquisition across the Nordics so far and we are actively looking to acquire more value add properties in Sweden and the other Nordic countries,” says Genesta’s CEO David Neil.
“Genesta now has a property with good development potential and we can focus on our core properties,” says Lars Åke Tollemark, CEO of Unibail Rodamco’s Nordic operations.
Roschier and KPMG advised Genesta on this transaction.