Genova acquires portfolio of community service properties in Greater Stockholm for SEK 970m
Genova entered into an agreement today to acquire four community service properties located in attractive areas of Greater Stockholm at an underlying property value of SEK 970m, with accession on 31 March 2021. The acquisition in brief: · Genova is acquiring four community service properties for SEK 970m with a total lettable area of approximately 42,300 sqm (corresponding to about SEK 23,000/sqm). · The properties are strategically located in growth areas with good public transport services and will complement Genova’s existing investment property portfolio in Greater Stockholm.