Genesta Acquires from Skanska

Verkö 4. Image: Genesta
Verkö 4.

Sweden Sweden Skanska has sold the logistics property Norra Hamnen Kubiklager in Malmö, Sweden, for MSEK 285 (EUR 27M). The buyer is a fund managed by Genesta Property Nordic AB. The sale will be booked by Skanska Commercial Development Nordic in the first quarter of 2019. The transfer of the property will take place during February 2019.

2019-02-05

Share via e-mail

Norra Hamnen Kubiklager, which was developed and built by Skanska, was completed in 2018 and is located in the heart of the region's new logistics center, Malmö Industrial Park. In total, the property comprises about 19,600 square meters of warehouse and office space. Norra Hamnen Kubiklager is currently leased to Copenhagen Malmö Port AB and Stena Retail & Food Services in Sweden AB.

From Norra Hamnen Kubiklager you can quickly reach the larger road network, especially the E6/E20, as well as the Öresund Bridge to Copenhagen and the continent. The area has been developed to meet future opportunities and be a hub in the Öresund region, close to Copenhagen.

"We are very pleased with the addition of Verkö 4 to our growing Nordic real estate portfolio. The strategic location and the high technical standard makes the property competitive on the rental market. We hope to be able to acquire more properties with the same quality," says Genesta CEO David Neil.

PWC and Roschier have been advisors to Genesta.




Axel Ohlsson
axel@nordicpropertynews.com




Gullringsbo Acquires Grandab's Share in Novi Real Estate

Sweden Sweden Gullringsbo Egendomar extends its ownership in Novi Real Estate by acquiring Grandab's share in the company. After the transaction, Gullringsbo owns 70 percent of the shares. The remaining shares are held by a number of key employees.

Here Are the Threats to the Stockholm Office Market

Sweden Sweden Mikael Söderlundh, Head of Research and Partner at Pangea, tells Nordic Property News about the pressure on the yields and the threats to the Stockholm office market that may have reached its peak.

Skanska Builds Office Building in Helsingborg

Sweden Sweden Skanska has signed an agreement with Wihlborgs Fastigheter to build a new office building, Prisma, at the central station in Helsingborg.

Diös Acquires in Östersund

Sweden Sweden Diös has purchased a property on Prästgatan in central Östersund. The property will be a complement to Diös’ current portfolio in the neighbourhood and part of the company’s continued strategy of urban development.

Wallenstam Makes Gothenburg Acquisition

Sweden Sweden Wallenstam acquires a property in Gothenburg CBD from SEB Trygg Liv for MSEK 375 (EUR 36M).

Skanska Sells in Boston

Sweden Sweden Skanska, in partnership with PGIM Real Estate, has divested its multi-family development The Harlo in Boston, USA to Invesco Real Estate, a global real estate investment manager. Skanska’s equity ownership is 50 percent. Skanska USA Commercial Development will record the company’s portion of the divestment, USD 75M in the first quarter of 2019. The transfer of the property was completed February 2019.

Eastnine to Acquire S7 in Vilnius

Sweden Sweden Listed Swedish Eastnine has signed an agreement to acquire Building I, II and III of S7, a newly built and sustainable A-class office park in Vilnius’ central business district for EUR 128.3M.

The Investment Manager Focuses on the Four Major Cities

Sweden Sweden Sweden's largest real estate company Vasakronan has made its last deal outside the big cities. This is why Wihlborgs was the natural buyer in the latest deal.

The CEO on the Divestment to the Building Giant

Sweden Sweden Why AM1 Fastigheter and Kian Properties sells to Skanska at this stage. "Strategic decision."

Wihlborgs Makes Major Acquisition in Lund

Sweden Sweden Wihlborgs acquires two office properties in Lund from Vasakronan for SEK 1.26 billion (EUR 120M).