News

RED M advisor to Genesta when aquiring logistic properties in Ljungby and Örebro

2022-06-20

Genesta has signed an agreement to acquire two high-quality logistics properties located in Örebro and Ljungby from Infrahubs. The properties were completed in 2022 and have a total lettable area of ca 49,000 square meters. Both properties are fully leased with long-term agreements.

The Örebro property with its 23,000 square meters is fully leased to the food tech company, Matsmart. The Ljungby property with 26,000 square meters is fully leased to PostNord TPL who operates their third-party logistics from the site.

The buildings are equipped with solar panels and LED-lighting, and further sustainability measures will be added during Genesta’s ownership. The properties will be certified in accordance with BREEAM In-use with the ambition to achieve level Excellent.

RED Management were Genesta’s advisor during the due dilligence of the acquisitions.

2022-04-26

Genesta is expanding its logistics portfolio and has acquired Stenvreten 8:30, a logistics property of 80,000 sqm under construction located in Enköping. It is an off-market transaction with Logistic Contractor, part of the Wästbygg Group.

Flexibility in one of Sweden´s best locations:

With an estimated lettable area of slightly more than 80,000 sqm the building provides sustainable, flexible and efficient logistics facilities in an excellent location with easy access to E18.

The building will have several green warehouse design features such as rooftop solar panels, high-efficiency roofing and walls, LED-lighting and it will be certified in accordance with BREEAM In-use with the ambition to achieve level Excellent.

RED Management has been development advisor to Genesta during the aqusition.

2022-03-15

RED Management develops an entire office block on Södermalm in Stockholm

RED management has been contracted by Genesta Property Nordic to manage the development of the property Mullvadsberget 29 on Södermalm in Stockholm. The “Zinko” project covers 10,300 square meters lettable area. As part of a long-term collaboration, RED Management has assisted Genesta already in the acquisition process with identification of development potential, need for technical upgrading and investment costs.

Genesta acquired the property from the municipal company Stockholmshem in 2021 and now the planning begins for a complete renovation of Zinko – an entire office block on Södermalm where modern, attractive and sustainable premises are created for future tenants.

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