Genesta Aqcuires Large Logistics Property in Espoo
Finland Genesta acquires the 66,680 square meter large logistics property Juvan Teollisuuskatu 25, Espoo, on the behalf of its fund GNRE Fund II. The seller is a fund managed by J.P. Morgan Asset Management.
“We are excited about expanding our portfolio in Finland through the acquisition of Juvan Teollisuuskatu 25. The excellent location close to major highways and other infrastructure suits our fund perfectly,” comments Genesta’s CEO David Neil.
Aleksandra Attorneys acted as the legal advisor for the purchaser and SEB provided bank financing for the acquisition. Brunswick Real Estate and Hannes Snellman acted as the vendor’s advisors.
Maria Olsson Äärlaht