Nordic real estate fund manager Genesta has purchased an office property in Stockholm from local asset manager Profi Fastigheter.
Financial details were not disclosed.
This is the second property purchased on behalf of its new GNRE Core Plus fund following the acquisition of the Solåsen retail park in Jönköping, with a combined value of over €100 mln.
The 13,400 m2 multi-let building, dubbed Styckjunkaren 3, is located in Solna.
‘In a very short period of time we have acquired three high quality properties in Sweden on behalf of our funds and Styckjunkaren 3 is the latest addition to our growing portfolio of properties across the Nordics,’ commented Genesta’s CEO David Neil.
Genesta’s GNRE Core Plus fund has a total investment capacity of approximately €700 mln.