Genova completes part of Stockholm property acquisition, transfers own shares
Genova Property Group has completed a portion of its acquisition of a Stockholm region property portfolio valued at SEK 634 million. The company will also transfer its own shares.
Genova Property Group (publ) announced on July 6, 2026, an agreement to acquire a property portfolio in the Stockholm region for SEK 634 million before deferred tax. The company has now completed part of this acquisition.
The acquisition is intended to increase Genova's rental income per share and support long-term growth in net asset value per share. Concurrently with the partial acquisition, the Board of Directors has resolved to transfer 625,652 of the company's own shares to Landia.
Genova has previously stated its strategy to grow within the Stockholm region. This partial acquisition aligns with that objective, aiming to bolster the company's property management income and asset value. The share transfer is part of the company's financial arrangements.