Sweden — Genesta is pleased to announce the acquisition of a 101,000 sqm logistics property in Västerås, through an off-market transaction with ICA Real Estate. The property houses ICA's central warehouse and as a part of the transaction ICA Real Estate has signed a 15-year lease agreement with Genesta.

Sweden — Genesta is taking further steps into the sustainable energy solutions of the future and investing in property batteries at several of its properties. In collaboration with the energy company Stockholm Exergi, Genesta will contribute to balancing the electricity system with the innovative battery solution.

Sweden — Genesta has signed an agreement to acquire a high-quality logistics property from Infrahubs. The property, completed in the end of 2022, is located along the E4 motorway in Jönköping. The total lettable area is circa 45,700 square meters and fully leased to Husqvarna with a long-term agreement. The acquisition is the sixth investment on behalf of Genesta's fifth fund GNRE Core Plus Open Ended, launched in 2021.

Sweden — Genesta sells the office property Svea Artilleri in central Stockholm.

Sweden — Niam has acquired Solåsen Handel, a modern and well-functioning retail park located in an established micro location in Jönköping, from Genesta.

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.

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.

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.

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.

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

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

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.

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.

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.

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.

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.

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.

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.

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.