Genesta has sold Norra Hamnen Kubiklager logistics property located in Malmo Industrial Park, Sweden to a fund managed by the real estate manager BentallGreenOak. The 19,600m² logistics building was acquired in February 2019 and has since been upgraded with tenant improvements and higher sustainability performance. In 2020, the property was awarded the BREEAM In-Use Very Good certification. The facility is strategically located in the new logistics centre of the Oresund region, close to railway, harbour and highways. The purchase price was not disclosed.
"We are pleased with how we have managed to improve the property during our hold. It shows we continue to execute our strategy to develop sustainable and efficient properties that offer inspiring spaces for our tenants and generate value for our investors," commented Genesta’s CEO David Neil. "We continue to look for attractive opportunities in Malmö and across the Nordics."
