Genesta buys office scheme in Helsinki

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.


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