Nordic real estate fund manager Genesta has acquired an office property in Helsinki.
Financial details were not disclosed.
‘This is the eleventh acquisition on behalf of GNRE Fund II and a great addition to our portfolio of centrally located office properties in Helsinki,’ explained Genesta’s CEO David Neil.
The 15,200 m2 building located in 3 Porkkalankatu, in the Ruoholahti quarter, has been sold by Nordic private equity company Niam.
‘Helsinki has for a long time been a key market for us and we continue to see a great deal of interesting opportunities,’ Neil added.
Genesta was advised by Aleksandra Attorneys during this transaction.