Genesta has acquired the office property Filmstaden 23 in Solna, Stockholm on behalf of its fund GNRE Fund III from G.S.S Fastigheter AB. The property is strategically located by the metro in the popular office sub-market Solna. Built in 1919/1920 and 2004, the scheme comprises four buildings mixing modern office space with the cultural heritage of the Swedish movie industry. The 9,400m² property is let to among others Filmstaden, Odeon Group and Universal Sony Pictures.
"We are excited by the opportunity to expand our presence in one of our key markets through the acquisition of such a unique property. The attractive location and the property’s potential suits our investment strategy perfectly," commented Genesta’s CEO David Neil.
