Genova partially divests two properties in Norrtälje at an underlying property value of approximately SEK 1.3 billion
Genova has signed an agreement to divest the Journalisten 1 and Handelsmannen 1 properties in Norrtälje to a newly formed joint venture in which Genova is a half-owner together with Nrep. The sale is carried out at an underlying property value of SEK 1,286m, which corresponds to book values. The financial effects of the transaction mean that Genova's liquidity is strengthened by approximately SEK 185m and interest-bearing liabilities are reduced by approximately SEK 1 billion. Genova acquired the properties in 2016 at an underlying property value of SEK 40m and immediately began planning