Genova Property Group AB has entered into an agreement to acquire a property portfolio in the Stockholm region consisting of five properties for an underlying property value of SEK 634 million before deduction of deferred tax. Furthermore, Genova has entered into a letter of intent for an add-on acquisition of three properties in the Stockholm region with an underlying property value of approximately SEK 600 million. The intention is to enter into an acquisition agreement for the properties during the first quarter of 2026. The seller is the private property company Landia. The financing of the acquisition of SEK 634 million is made through a combination of bank loans, available cash and a new issue of ordinary shares in Genova to Landia of approximately SEK 101 million. Closing of the acquisition is subject to FDI approval and is expected to be completed in December 2025.
KANTER advised Genova on the transaction.