Genesta has acquired the office property Ferring/Neroport located in Orestad City, Copenhagen from Castellum. The 32,704m² multi-let building will be transformed into a modern and sustainable property to suit the future demand from office tenants. With its 80-meter tower, the landmark property is one of the highest buildings in Denmark, even visible from the Oresund bridge. Located between the city centre and Copenhagen Airport, the office property benefits from excellent infrastructure, including Orestad metro station right outside the door.
After the anchor tenant, Ferring Pharmaceuticals vacates the property Genesta will undertake an extensive refurbishment to create a modern concept to suit the changing office landscape. The transformed property, coupled with its excellent location, will make it an attractive product on the leasing market.
"This building is a perfect addition to our portfolio of strategically located office properties across the Nordics. I´m proud of the team – this is the second transaction in a few weeks," said David Neil, CEO Genesta. "This unique property has great potential. We are excited about creating a property that truly caters to the changing needs of office users."
Copenhagen is one of the key strategic locations of Genesta’s investment strategy and the ambition is to further strengthen the presence in the region. "This acquisition is a great example of what we are targeting. We continue to look for interesting investments in the office, logistics, residential and retail segments here in Copenhagen and in our other Nordic focus locations," said Henrik Bastman, Head of Transactions Genesta.
