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Genova Property Group AB ( (SE:GPG) ) has provided an update.
Genova Property Group AB has announced an agreement to acquire a property portfolio in the Stockholm region valued at SEK 634 million, which is expected to boost the company’s income from property management per share by 20% and enhance long-term net asset value per share. Additionally, Genova has signed a letter of intent for an add-on acquisition of three more properties valued at SEK 600 million, with financing partly through a new issue of ordinary shares. These strategic acquisitions align with Genova’s growth strategy, expanding its presence in core markets with stable tenants and long lease terms, while welcoming Landia as a new significant shareholder.
The most recent analyst rating on (SE:GPG) stock is a Hold with a SEK43.00 price target. To see the full list of analyst forecasts on Genova Property Group AB stock, see the SE:GPG Stock Forecast page.
More about Genova Property Group AB
Genova Property Group AB is a dynamic property company based in Sweden, focusing on sustainable value growth through active property management, urban development, project development, and property transactions. As of mid-2025, the company owned properties valued at approximately SEK 9.6 billion and held a substantial building rights portfolio. Genova’s shares have been listed on Nasdaq Stockholm since 2020.
Average Trading Volume: 4,232
Technical Sentiment Signal: Sell
Current Market Cap: SEK1.74B
See more insights into GPG stock on TipRanks’ Stock Analysis page.