Gernandt & Danielsson has advised in Genova Property Group AB’s (publ) (”Genova”) issue of subsequent green capital securities in an amount of SEK 200 million, issued within its green finance framework in the total amount of SEK 1,250 million. After the issue, the total outstanding amount under Genova's green capital securities loan will amount to SEK 700 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 March 2021, the value of the Genova’s property portfolio amounted to approximately SEK 6.6 billion with a lettable area of approximately 230,000 sqm and Genova held 6,319 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 has advised Genova with a team consisting of Partner Mikael Borg as well as Associate Simon Wetterholm. In addition, Carnegie Investment Bank has acted as financial advisor to Genova.