Genesta, acting on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II), has sold an office property located at Kalvebod Brygge 32 in central Copenhagen to the Swedish listed real estate company Klövern for €190m. The 31,700m complex was almost fully vacant when acquired by Genesta in February 2018. The asset is now fully let with Kammeradvokaten as the main tenant. The property is now being refurbished to meet the new tenants’ demands. When completed, the building will feature a new facade and a rooftop terrace.
"The unique characteristics and the central location of Kalvebod Brygge 32 suits our funds’ investment strategy perfectly. This project showcases why the Copenhagen office market is and will continue to be, a key market for our funds," said Genesta’s CEO David Neil.
"We look forward to welcoming our new tenants to modern and flexible premises in a very central location. This acquisition complements our portfolio in Copenhagen in a fantastic way," commented Rutger Arnhult, CEO of Klövern.
