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ARTICLES TAGGED WITH "Genova"

OTPP-JV makes residential acquisition in the Stockholm area

Sweden — Genova and Redito have divested two newly developed residential properties in Knivsta for SEK 875 million to Acer Bostad, a joint venture owned by Ontario Teachers’ Pension Plan and Gordion focusing on residential investments in the Stockholm region.

Genova makes major acquisition in Stockholm

Sweden — Buys five properties from Landia.

Moschewitz: "A banking market that stimulates transactions"

Sweden — Genova has started 2025 strongly, with growth in property management income and a smaller increase in net asset value. Property management income, which increased by 93 percent to SEK 52 million, rose per share from SEK 0.12 the previous year to SEK 0.89. – It feels good that we can report such a positive report for the first quarter despite the turbulence in our world, says CEO Michael Moschewitz.

Genova sells building rights to Obos

Sweden — Genova has entered into an agreement to divest two properties with newly created residential building rights, with an estimated volume of approximately 15,400 square meters. The buyer is Obos. The transaction includes the properties Instrumentet 2 and Örnsberg 2 in Örnsberg, Stockholm, which are currently leased for school activities.

SBB and Genova divest building rights to Besqab

Sweden — SBB and Genova have, through their joint venture, agreed to divest building rights in Nacka Strand of approximately 8,800 square meters of Light Gross Floor Area to Besqab.

Genova appoints Anna Barosen to newly established position

Sweden — Anna Barosen has been recruited to the newly established position as Head of Sustainability in Genova Property Group.

Genova's CEO on sharpening the strategy: "It has been a process"

Sweden — Genova's new dividend policy gives at least one third of the management profit to the shareholders quarterly. At the same time, they remove the operational goals, which they believe inhibit the flexibility of the company. We spoke with Michael Moschewitz, Genova's CEO, about the company's more aggressive strategy.

American bank invests in Genova

Sweden — Enters among the company's ten largest owners.

Moschewitz: "Will invest in new production"

Sweden — Genova's report in the second quarter shows, among other things, increased management results, net operating income and greater rental income compared to the same period the year before. We had a quick chat with Michael Moschewitz about the report and received the CEO's view on the future focus for the company.

Genova sells to new JV with Nrep

Sweden — Genova partially divests two properties in Norrtälje at an underlying property value of approximately SEK 1.3 billion (EUR 116 million) to a newly formed joint venture in which Genova is a half-owner together with Nrep.

Genova completes divestment of hotel properties in Palma de Mallorca

Sweden — As previously announced, Genova has divested two fully leased hotel properties in Palma de Mallorca in Spain for approximately EUR 35 million. The properties were ceded to the buyer on Wednesday.

Genova leases 5,000 sqm to Altris

Sweden — Genova has signed a 15-year lease in the property Söderhällby 1:9 in Uppsala for approximately 5,000 square meters with an annual rental value of approximately SEK 9 million (EUR 783,000). The lease is signed with Altris.

Genova Carries Out a Directed Share Issue

Sweden — Genova Property Group has carried out a directed share issue of around 3.6 million new ordinary shares at subscription price of SEK 55 per ordinary share.

Genova Appoints New CFO

Sweden — Henrik Zetterström has been recruited as the new CFO of Genova Property Group. Henrik has broad experience in the real estate sector, including CFO at Estea and M2 Gruppen, and has worked as an authorized public accountant at KPMG in different leading roles. He has a Bachelor of Business Administration (BBA) majoring in accounting from Stockholm University.

K2A and Genova's Project to Start Next Quarter

Sweden — The zoning plan for the Viby neighbourhood project in Upplands-Bro, where K2A Knaust & Andersson Fastigheter is partnering with Genova Property Group to develop a new neighbourhood with 850 homes and its own neighbourhood centre, has gained legal force.

SBB Sells to Genova

Sweden — SBB sells properties in Sweden to Genova for approximately SEK 150 million.

Genova Makes Stockholm Purchase

Sweden — Genova acquires newly produced property in Stockholm.

Genova Sets Up New Sustainability Strategy

Sweden — The Board of Directors of Genova Property Group AB has established a complementary growth target for the business as well as sustainability targets.

Peab to Build Residential Units for Genova

Sweden — Peab has been commissioned to build 160 rental apartments in Korsängen in Enköping. The customer is Genova Property Group and the contract is worth SEK 202 million.

Reasons Behind the Western Sweden Entry for Genova

Sweden — CEO Michael Moschewitz: “We have been looking towards Western Sweden for some time.”

Genova Acquires 50 percent of Järngrinden

Sweden — Genova has completed a directed ordinary share issue raising proceeds of MSEK 288 to finance part of the acquisition of 50 percent of the shares in Järngrinden AB.

Nyfosa and Genova in Large Swap Deal

Sweden — Nyfosa and Genova makes swap deal where Nyfosa acquires for MSEK 657 and Genova acquires for MSEK 477.

Genova’s CEO: “Difficult to Run the Business in a Normal Way”

Sweden — Michael Moschewitz, CEO of the recent listed company Genova, tells Nordic Property News on the first intense months since the IPO, why they have been lucky during the corona crisis, and the recent swap deal in Stockholm.

Genova's CEO Towards the IPO: “The Money We Raise Will Be Used for Acquisitions”

Sweden — Next week, the IPO of the community service property company Genova Property Group’s ordinary shares will take place at Nasdaq Stockholm. CEO Michael Moschewitz tells Nordic Property News about the expectations, why they stand out in the competition, and how his leadership has been tested these last months.

SBB Sells Property with an Agreed Value of SEK 350 Million

Sweden — Samhällsbyggnadsbolaget i Norden has sold the office property Flogsta 47:1 in Ekeby, Uppsala. The total agreed property value of SEK 350 million is the same as the book value in Q1 2020.