2 March 2021
Gernandt & Danielsson advises in Genova Property Group AB’s (publ) issue of green capital securities
Gernandt & Danielsson has advised in Genova Property Group AB’s (publ) (”Genova”) issue of green capital securities in an amount of SEK 500 million, issued within a total framework amount of SEK 1,250 million. Genova intends to apply for admission to trading of the capital securities at Nasdaq Stockholm's Sustainable Bond List.
Genova is a property company that owns, manages and develops properties with a focus on Greater Stockholm and the Uppsala Region. On 31 December 2020, the value of the company’s property portfolio amounted to approximately SEK 5.4 billion with a lettable area of approximately 190,000 sqm and the company held 5,890 building rights for residential units. Genova’s preference shares and ordinary shares have been listed on Nasdaq Stockholm since 12 June and 30 June 2020, respectively.
Gernandt & Danielsson advises Genova with a team consisting of Partner Mikael Borg, Senior Associates Maria Klaesson and Mikael Bolling as well as Associate Simon Wetterholm. In addition, ABG Sundal Collier and Swedbank have acted as financial advisors to Genova.