Brief: Genova Enters Joint Venture For Part Of Viby Urban Development Project

Genova Property AB

30/03/2026 06:33

March 30 (Reuters) - Genova Property Group AB GPGR.ST:

ENTERS INTO JOINT VENTURE FOR PART OF THE VIBY URBAN DEVELOPMENT PROJECT IN UPPLANDS-BRO

DIVESTS FIRST STAGE OF VIBY PROJECT TO JOINT VENTURE WITH URBAN PARTNERS

DEAL BASED ON UNDERLYING PROPERTY VALUE OF SEK 365 MILLION

DEAL STRENGTHENS LIQUIDITY BY SEK 100 MILLION, REDUCES LIABILITIES BY SEK 175 MILLION

URBAN PARTNERS HAS OPTION TO BUY 50% OF REMAINING TWO STAGES

Source text: ID:nWkrb62lCp

Further company coverage: GPGR.ST

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