"We are pleased with how we have managed to improve the property during our hold and it shows that our proactive hands-on management will deliver a strong return for our investors," says David Neil, CEO of Genesta.

The sold facility, located in the important logistic belt alongside Ring Road III, comprises four heated warehouses and one unheated storage facility.

"We continue to look for attractive opportunities in Helsinki and across the Nordics," says David Neil.

Nordanö and Aleksandra Attorneys advised Genesta in the transaction. CBRE and Roschier advised the buyer in the transaction.