Genesta fund invests in Stockholm logistics market

Genesta has acquired two last-mile logistics properties located in the Brunna Logistics Park in Stockholm. The purchase price was not disclosed.

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 16,900 square meters (181,910 square feet) and are fully leased on long leases to reputable tenants.

“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.