Genesta has sold Juvanmalmi Logistics Centre located in Espoo on behalf of its fund, GNRE Fund II. The 60,900m² logistic centre was acquired in February 2018 and has since been upgraded with e.g. solar panels and LED lights. The fully leased property was awarded BREEAM In-Use Good certification in 2020. The purchase price was not disclosed.
"We are pleased with how we have managed to improve the property during our hold and it shows that our proactive hands-on management will deliver a strong return for our investors," commented Genesta’s CEO David Neil.
The sold facility, located in the important logistic belt alongside Ring Road III, comprises four heated warehouses and one unheated storage facility.
"We continue to look for attractive opportunities in Helsinki and across the Nordics," said David Neil.
