Genesta acquires two last-mile logistics properties located in Brunna Logistics Park, Stockholm. The acquisition is the first on behalf of Genesta´s fifth fund, GNRE Core Plus Open-ended. The two properties, Viby 19:101 and Viby 19:96, comprise 16,900m² and are fully let on long leases to reputable tenants. The buildings, constructed between 2015 and 2017, are both BREEAM certified. The purchase price was not disclosed.
"This acquisition is a perfect start for our new fund. The properties have a stable income from day one with potential for further value creation, situated in an established logistics park. We believe locations like Brunna will become increasingly attractive for logistics companies looking for space close to major population hubs and with access to important infrastructure," said David Neil, CEO of Genesta.
