Genesta acquires 101,000 sqm logistics property in Sweden

Sweden 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.

Genesta makes logistics acquisition in Denmark

Denmark Denmark — Genesta expands its logistics portfolio and buys a 20,600 square meter logistics property under construction in Solrød, 25 minutes south of Copenhagen. It is an off-market deal with Logistic Contractor A/S, which is part of the Wästbygg Gruppen. It is Genesta's sixth logistics acquisition in two years.

Genesta invests in batteries in collaboration with Stockholm Exergi

Sweden 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.

Genesta acquires office property from Schroder Real Estate

Finland Finland — 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. hich was launched in 2019.

The founder leaves Genesta – for the last time

Nordic — Genesta is an independent property fund company with a focus on commercial properties in the Nordics. It is also the company that Anders Palmgren co-founded almost exactly 20 years ago. Close to the anniversary, however, it is clear that the partner and senior director with a focus on transactions and capital raising will leave his post. Nordic Property News had a conversation with him about why he came to the decision.

Co-founder leaves property investor – for the second time

Nordic — Returned back in 2014 – resigns from his position at the company once again.

Genesta Acquires from Infrahubs

Sweden 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.

Genesta Sells Stockholm Office Property

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

Niam Acquires the Retail Park Solåsen Handel from Genesta

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

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 Acquires Logistics Facility for SEK 945 Million from Logistic Contractor

Sweden Sweden — Logistic Contractor, part of Wästbygg Gruppen, is selling its wholly owned project company Sneden AB to the fund manager Genesta Property Nordic AB. The purchase price is SEK 945 million.

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.

What Genesta Looks for on the Danish Market

Denmark Denmark — After Genesta’s largest acquisition of the Ferring/Neroport property from Castellum, the company’s Head of Transactions Henrik Bastman tells Nordic Property News about the strengths of the Copenhagen market, what they look for in terms of future investments, what type of acquisitions they are looking for and how much capital they can allocate to the Danish market.

Genesta Acquires Property from Castellum in Copenhagen

Denmark Denmark — Castellum has entered into an agreement with Genesta to sell the Sundby Overdrev property at the address Kay Fiskers Plads 9-11 in Copenhagen. The purchase price of 778 MDKK is in line with the latest valuation in Q4 2020.

BGO Acquires Logistics in Malmö

Sweden Sweden — BentallGreenOak marks entry into the Swedish real estate market with a logistics acquisition in Malmö from Genesta.

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.