Genesta's real estate fund, Genesta Nordic Baltic Real Estate, has acquired an office and light industrial property in Helsinki. The property consists of three buildings and has a total leaseable area of 23,400 m². The seller is the Pension Fund of Valio.
Genesta Nordic Baltic Real Estate is a value add fund which means that the fund invests in properties that provide an opportunity to create value through active management. This property meets these criteria's perfectly as a value add property.
"The asset is located in a developing area with excellent public transportation. The industrial origins and history of the property creates an opportunity to transform it to an exciting office and workspace environment" says Antti Savilampi at Genesta.