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Genesta acquires high-quality logistics property in southern Sweden
Genesta has agreed to acquire a high-quality logistics property in Jönköping, a city on the shores of Lake Vättern in southern Sweden. Infrahubs sold the asset for an undisclosed amount.
The property has a total leasable area of about 45,700 square meters (491,911 square feet) and is fully leased to Husqvarna under a long-term agreement.
Completed at the end of 2022, the building will be upgraded to be fully E.U. taxonomy-aligned under Genesta’s ownership. A carbon-risk assessment has been performed. It will be used to devise a long-term action plan for improving energy efficiency and reducing the carbon footprint of the building, with the goal of achieving a BREEAM in-use certification level of “Very Good.”
“Improving our properties and lowering their climate footprint is the pathway to reduce the climate impact of our funds,” said David Neil, CEO Genesta. “At the same time, we help our tenants reach their own sustainability goals. As a fir