Genesta has sold a 13,300m² office property in Stockholm, Sweden. The company has purchased the building in July 2018 for its GNRE Core Plus, and has since upgraded its sustainability performance, and modernized its office premises and common areas. The purchase price was not disclosed.
"The Block is a great example of how Genesta develops sustainable and efficient properties that offer inspiring spaces for our tenants and generate value for our investors", commented Genesta’s CEO David Neil. "We continue to look for attractive opportunities in Stockholm and across the Nordics".