Genova Property Group AB (publ) in barter with Nyfosa – acquiring for SEK 477 million and divesting for SEK 657 million.

Genova has agreed on a barter with Nyfosa, where Genova acquires two properties with public services features and with additional building rights in Lund and Haninge for SEK 477 million and divests four commercial properties and one project property for SEK 657 million. Access to the acquired properties is planned for May 31st, 2021. Genova’s acquisition is financed by a combination of loans and equity. The divested properties are planned to be vacated on May 31st, 2021, except for the project property, which will be vacated on November 1st. KANTER has represented Genova in the transaction.