Press release -
Colliers Debt Advisory secures non-amortizing loan for Genesta's BREEAM-Certified Strategy
With a challenging timeline in an equally challenging real estate credit market, Viggo Bekker Ståhl and Ola Aukan Velund are happy to have successfully acted as the exclusive debt advisor and debt procurement agent for Genesta Value-Add Fund III in the financing of Genesta’s acquisition of ICA's grocery distribution center at Saltangen 1 in Vasterås, Sweden.
Colliers Debt Advisory successfully facilitated a SEK 660 million term loan from an international lender, aligning with Genesta's business strategy. This strategy includes a comprehensive plan to certify the property according to BREEAM standards, reflecting Genesta's commitment to sustainability and responsible real estate investment.
- Despite the challenges presented by the current real estate market, the transaction successfully closed, reflecting the commitment and expertise of all parties involved. We extend our congratulations to Genesta and ICA on this achievement, says Viggo Bekker Ståhl, Head of Colliers Debt Advisory in the Nordics.
About Colliers Group
Colliers is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. Colliers mission is to maximize the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.