GNRE Core Plus Open-ended
GNRE (Genesta Nordic Real Estate) Core Plus Open-ended is an actively managed fund investing in commercial real estate in the Nordics. The fund was launched in 2021 with EUR 152 million in equity. The fund targets commercial (logistics, residential, office and retail) real estate assets in the Nordics.
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 in 2019 with EUR 373.5 million in equity from 10 institutional investors. The fund targets commercial (office, logistics and retail) real estate assets in the Nordics.
GNRE Fund III participated in the Global Real Estate Sustainability Benchmark (GRESB) for the second time in 2022, covering fund management and performance disclosures for 2021. The results were published during Q3 2022. The fund reached 74 points (out of 100), three stars and a Green Star designation. The GRESB average score was also 74 points, and peer group’s average was as well 74 points. The fund achieved sixth place out of eleven in its predominant peer group. The fund scored full points in the ESG breakdown with regards to social aspects and above-average in the governance section. The strengths of Genesta’s GNRE Fund III in the GRESB Assessment were leadership, risk management and stakeholder engagement, reporting, targets and tenants & community, as well as waste.
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.
GNRE Fund II
GNRE (Genesta Nordic Real Estate) Fund II is a closed-end fund launched in 2015 with 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.
Genesta’s GNRE Fund II participated in the Global Real Estate Sustainability Benchmark (GRESB) for the seventh time in 2022, covering fund management and performance disclosures for 2021. The results were published during Q3 2022. The fund reached 80 points (out of 100), four stars and a Green Star designation. The GRESB average score was 74 points, and peer group’s average was also 74 points. The fund achieved fifth place out of eleven in its predominant peer group. The fund scored full points in the ESG breakdown with regards to social aspects. The strengths of Genesta’s GNRE Fund II in the GRESB Assessment were leadership, risk management, stakeholder engagement, targets and tenants & community.
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.
