Genesta has signed an agreement to acquire two high-quality logistics properties located in Orebro and Ljungby from Infrahubs. The properties were completed in 2022 and offer a total lettable area of circa 49,000m². Both properties are fully leased with long-term agreements. The acquisitions are the fourth and fifth investments on behalf of Genesta's fifth fund GNRE Core Plus Open-Ended.
"We are very happy to add these high-quality logistics assets to our core plus fund. The properties are well located along the Nordic logistics artery and have excellent access to the European motorways E4 and E18," said David Neil, CEO Genesta.
The Orebro property with its 23,000m² is fully leased to the food tech company Matsmart. The site functions as Matsmart’s central warehouse for its Nordic operations. The Ljungby property with 26,000m² is fully leased to PostNord TPL who operates their third-party logistics from the site. The buildings are equipped with solar panels and LED-lighting, and further sustainability measures will be added during Genesta’s ownership. The properties will be certified in accordance with BREEAM In-use with the ambition to achieve a level of Excellent.
"These investments successfully support our goal to build a robust, high-quality, and sustainable core-plus portfolio across the Nordics. The fund is diversified both in terms of geography and sectors and provides a solid foundation to grow from. Now we will continue to look for investments in established and strong locations in the Nordics with a focus on the residential, office and logistics sectors," added David Neil.