GENOVA DIVESTS A PROPERTY IN GÄVLE FOR SEK 68 MILLION

Genova Property Group AB (publ) has entered into an agreement to sell the property Gävle Mackmyra 20:18, which comprises premises for gym and padel operations. The divestment is based on an underlying property value of SEK 68 million before deduction for deferred tax, corresponding to approximately SEK 18,900 per sq.m. The property was acquired in 2017. During the holding period, Genova has refined the property, which is now fully let. The buyer is Tvättbjörnen Fastigheter AB.

KANTER advised Genova on the transaction.