GNRE Fund III

GNRE (Genesta Nordic Real Estate) Fund III is an actively managed closed-ended fund investing in commercial real estate in the Nordics. The fund was launched had its first close in 2019 with EUR 334 million in equity from 8 institutional investors. The target is to raise a total of EUR 450 million.

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Vintage year 2019
Strategy Value add
Type Closed-ended
Equity Committed EUR 334 million with a target of EUR 450 million
Target Commercial real estate in the Nordic region
Performance

GNRE Core Plus

GNRE (Genesta Nordic Real Estate) Core Plus is an actively managed closed-ended fund investing in commercial real estate in the Nordics. The fund was launched and had its first close in 2018 with EUR 77.5 million in equity from 3 institutional investors. The target is to raise a total of EUR 250 million.

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Vintage year 2018
Strategy Core Plus
Type Closed-ended
Equity Committed EUR 77.5 million with a target of EUR 250 million
Target Commercial real estate in the Nordic region
Performance

GNRE Fund II

GNRE (Genesta Nordic Real Estate) Fund II is a closed-end fund launched in 2015 EUR 372 million of committed equity from 13 European institutional investors. The fund targeted commercial (office, logistics and retail) real estate assets in the Nordics.

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Vintage year 2015
Strategy Value add
Type Closed-ended
Equity Committed EUR 372 million
Target Commercial real estate in the Nordic region
Performance

GNRE Fund I

GNBRE (Genesta Nordic Baltic Real Estate) Fund I is a closed-end fund launched in 2007 with EUR 176 million of committed equity capital from 12 European institutional investors. The fund targeted mid-risk commercial (office, retail and logistics) real estate assets in the Nordic and Baltic region.

The 2007-year vintage Nordic diversified fund has significantly outperformed the IPD and the INVREV benchmark; the fund is in the top quartile for vintage 2007 in the INREV benchmark.

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Vintage year 2007
Strategy Value add
Type Closed-ended
Equity Committed EUR 176 million
Target Commercial real estate in the Nordic and Baltic regions
Performance 8.4% / 1.6x