Genesta has acquired an office property located in Helsinki's dynamic Kamppi district from Schroder Real Estate KVG. The property has a total lettable area of approximately 9,300 square meters and is currently multi-let to 13 tenants. This strategic acquisition marks the sixth investment made on behalf of Genesta's value-add fund, GNRE Fund III, which was launched in 2019.

This investment exemplifies the potential that lies ahead, even in a slower market. It underscores our commitment to create long-term value with a robust, high-quality, and sustainability focused value add portfolio across the Nordics, says David Neil, Genesta's CEO.

During Genesta’s hold the property’s ESG profile will be remarkable improved. Beside significant upgrades of tenants´ premises and common areas, a well-defined action plan is in place to ensure superior energy efficiency and reduce the building´s carbon footprint. With Genesta’s hands-on approach, the building will undergo a comprehensive transformation to align fully with the EU taxonomy. This proactive plan positions the property at the forefront of adapting to new regulations and stakeholder expectations.

Minimizing the carbon footprint is the key to reduce the climate impact of our funds. At the same time, we actively empower our tenants to achieve their own sustainability goals, says David Neil.

Like all Genesta's office properties, this one is strategically located in proximity to public transportation offering excellent accessibility by metro, tram and bus. 

"We are excited to expand our Finnish portfolio with this acquisition. We see a huge potential for the asset. The Kamppi district, with its excellent connectivity and proximity to the CBD, is a very strong location and we are now eager to start our development work to take the property to the next level," says Antti Laine, transaction project leader Genesta.

Aleksanda Attorneys, KPMG, Granlund, and Marsh were Genesta's advisers during the acquisitions.