The 11,230 sqm property was acquired in December 2015 and has since been extensively refurbished. The NOI of the property increased by 40% and about 75% of the premises were re-let during Genesta’s ownership. Today the property is almost fully leased to amongst others, Fraktio, Wolt Enterprises, and Nordcloud. The property is located in Kamppi in central Helsinki.

”Antinkatu 1 was the first property (together with Bulevardi 21) we acquired on behalf of GNRE Fund II. The strong exit shows that the fund’s investment strategy and Genesta’s proactive hands-on asset management will deliver a strong return for our investors,” comments Genesta’s CEO David Neil.

Aleksandra Attorneys and JLL advised Genesta during the transaction.