Genova acquires attractive property portfolio in the Stockholm region for SEK 673 million – partly financed through the transfer of repurchased shares and new issue of ordinary shares
Genova Property Group AB has today entered into an agreement to acquire a property portfolio in the Stockholm region consisting of eight properties at an underlying value of SEK 634 million before deduction of deferred tax. The acquisition is expected to strengthen Genova’s income from property management per share by approximately 15 percent and creates conditions for further growth in long-term net asset value per share. The sellers are the private property companies Landia and Landera. The acquisition from Landia refers to the letter of intent regarding the additional acquisition entered