Genesta is pleased to announce the acquisition of Cirkelhuset II in Køge, in greater Copenhagen, Denmark. The acquisition is Genesta’s first residential deal, and it is made on behalf of Genesta´s fifth fund, GNRE Core Plus Open-ended. The seller is CECN, owned by Ejendomsselskabet Casa Nord and CEC Group Holding.
- This is an exciting time for Genesta. With Cirkelhuset II we expand our focus from office, retail, and logistics to also include the residential sector, fitting our fund´s strategy perfectly, says Genesta’s CEO David Neil.
The 7,100 square metres cylinder-shaped property consists of 100 residential units under construction. It is located near the highway and within walking distance to the Køge Nord Station, taking commuters to Copenhagen in 22 minutes by the train. The building will be equipped with solar panels, electric car chargers and cyclist parking for the tenants.
Genesta will take over the completed construction in mid-December this year, with the first tenants moving-in already in October.
- It is a pleasure to be able to offer totally newly built and super fresh apartments to Køge, which is a growing municipality. The units vary from 48-108 square metres and cater to a wide type of tenants, says Stefan Björklund, responsible for residential investments at Genesta.
Source: genista.eu on the 19th of April 2022
https://genesta.eu/news/genesta-makes-first-residential-acquisition-100-units-in-denmark