ARTICLES TAGGED WITH "David Neil"

Genesta Acquires Two Logistics Properties in Sweden

Sweden Sweden — Genesta has signed an agreement to acquire two high-quality logistics properties located in Örebro and Ljungby from Infrahubs. The properties were completed in 2022 and have a total lettable area of circa 49,000 square meters. Both properties are fully leased with long-term agreements. The acquisitions are the fourth and fifth investments on behalf of Genesta's fifth fund GNRE Core Plus Open Ended, started one year ago.

Genesta Sells Office Property in Helsinki to NREP

Finland Finland — Genesta sells the historic office property Bulevardi 21 in Kamppi on behalf of its fund, GNRE Fund II, to NREP. The approximately 10,100 square meter building was acquired in December 2015 and the property has since undergone extensive refurbishment.

Genesta Acquires Office Property in Oslo

Norway Norway — Genesta acquires Portal Skøyen in central Oslo. The 23,500 sqm office property is located along the E18 highway between Skøyen and Lysaker, west of Oslo city center. The acquisition is on behalf of Genesta's fifth fund GNRE Core Plus open ended, and the sellers are Backe Eiendom Invest, Stokke Industri Eiendom and Farvatn Capital.

Genesta Makes First Residential Acquisition

Denmark Denmark — Genesta announces the acquisition of Cirkelhuset II in Køge, in greater Copenhagen, Denmark. The acquisition is Genesta’s first residential deal, and it is made on behalf of Genesta's fifth fund, GNRE Core Plus Open-ended. The seller is CECN, owned by Ejendomsselskabet Casa Nord and CEC Group Holding.

After the Helsinki Divestment – Here Are Genesta's Investment Targets

Nordic — After the divestment in Helsinki, Genesta’s CEO David Neil tells Nordic Property News what type of acquisitions and locations Genesta looks for going forward.

Genesta Sells Prime Office Property in Helsinki CBD

Finland Finland — Genesta sells the prime office property “Fab 9” on behalf of its fund, GNRE Fund II, to KanAm Grund Group.

Genesta Ready to Start Investing in Residential

Nordic — Genesta recruits Stefan Björklund to lead their new residential venture. CEO David Neil tells Nordic Property News about the recruitment, where they look for investments, how much they are looking to invest and why the Norwegian residential market is hard to enter: "Norway is not an investor friendly market."

Where Genesta Looks for Acquisitions for the New Fund

Nordic — After the first closing of Genesta’s fifth fund, GNRE Core Plus Open-ended, CEO David Niel tells Nordic Property News about the investment strategy, what segments and type of assets they are looking for and when the first acquisition will be in the books.

Genesta Secures 152 Million Euros in First Closing of Fund

Nordic — Genesta completes the first closing of its fifth fund, GNRE Core Plus Open-ended, with commitments of 152 million euros.

Genesta Signs Major Lease in Helsinki

Finland Finland — The building is now fully leased apart from a small retail premise on street level. Krogerus will move in following the ongoing renovation, which is scheduled to be completed during fall 2021.

Genesta Sells Juvanmalmi Logistics Centre in the Helsinki Metropolitan Area

Finland Finland — Genesta sells Juvanmalmi Logistics Centre located in Espoo on behalf of its fund, GNRE Fund II. The 60,900 square meter logistic center was acquired in February 2018 and has since been upgraded with e.g. solar panels and LED lights. The fully leased property was awarded with BREEAM In-Use Good certification in 2020.

Genesta Acquires in Central Stockholm

Sweden Sweden — Genesta enters into an agreement to acquire the office property Repslagaren 34 on behalf of its fund GNRE Fund III from Klara Norra Fastigheter.

Why Genesta Target Every Nordic Market

Nordic — David Neil, CEO and Founding Partner of Genesta, tells Nordic Property News about the latest purchase, which Nordic markets that attracts the most and future investment targets.

Genesta Buys an Office Property in Stockholm

Sweden Sweden — Genesta acquires the office property Filmstaden 23 in Solna, Stockholm on behalf of its fund GNRE Fund III from G.S.S Fastigheter AB.

David Neil: ”Oslo Is at the Top of our List”

Norway Norway — Genesta’s CEO David Neil on the succesful 2019, their focus in the Nordic capitals and the upcoming investments.

Genesta Sells Prime Office Property in Copenhagen for EUR 190 Million

Denmark Denmark — Genesta sells the prime office property Kalvebod Brygge 32 in central Copenhagen for DKK 1 420 million (EUR 190 million) on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II) to the Swedish listed real estate company Klövern.

How the Swedish Market Differs from the Rest of the Nordics

Nordic — David Neil, CEO and Founding Partner of Genesta, tells why retail is still interesting and how Sweden stands out compared to other Nordic markets. “Sweden is the most important market for us.”

Genesta Secures EUR 334M in First Closing for Third Value Add Fund

Nordic — Genesta completes the first closing of its third value add fund in the amount of 334 million euros. The commitments have been secured from eight investors from its predecessor fund. The closing follows the successful completion of the investment period for the predecessor fund GNRE Fund II, which is expected to significantly exceed its return target.

Genesta Divests in Oslo

Norway Norway — Genesta divests its holding in the CBD office property Dronning Mauds gate 15 on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II) to Carnegie Norway who has acquired the property on behalf of Nordea Liv.

Genesta Sells Antinkatu I in Helsinki

Finland Finland — Genesta sells the office property Antinkatu 1 on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II) to Schroder Nordic Real Estate Fund.

Genesta Acquires from Skanska

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.

Genesta Acquires Helsinki Office Property

Finland Finland — Genesta has acquired the landmark office property Porkkalankatu 3 located in Ruoholahti, Helsinki from Niam.

"We See Great Potential in HMA"

Finland Finland — Genesta made their fifth Finnish acquisition when they bought 67,000 sqm logistics in Espoo from JP Morgan. Genesta's CEO David Neil tells Nordic Property News how they will develop the property and their strategy to move forward in Finland.

Genesta Aqcuires Large Logistics Property in Espoo

Finland 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.

Genesta Acquires in Stockholm

Sweden Sweden — Genesta has, on behalf of Genesta Nordic Real Estate Fund II, acquired Arninge Centrum from Unibail-Rodamco.