Gernandt & Danielsson has advised Genova Property Group AB (publ) in connection with a directed new share issue through an accelerated bookbuilding procedure, raising approximately SEK 288 million. The investors in the directed new share issue consist of a number of Swedish and international institutional investors.

Genova Property Group AB (publ) is a modern property company with a personal touch that owns, manages and develops properties with focus on Greater Stockholm area and Uppsala Region. On 30 June 2021, the value of the company's property portfolio amounted to approximately SEK 7.1 billion with a lettable area of approximately 243,000 sqm and the company held 6,782 building rights for residential units. Genova's ordinary shares have been listed on Nasdaq Stockholm since June 2020.

Gernandt & Danielsson’s team has consisted of partner Fredrik Palm, senior associates Fredrik Haräng and Pierre Olsson and associate Erik Källman.