Nordic fund manager Genesta has recruited Henrik Bastman, AXA Real Estate's top manager in the region.

Nordic fund manager Genesta has recruited Henrik Bastman, AXA Real Estate's top manager in the region.

Bastman joins Genesta in October as head of transactions, a director in the company and a member of the management group.

He was head of the Nordics at AXA Real Estate.

'This recruitment is part of our goal-oriented effort to build the best institutional platform for property investments in the Nordics, Genesta CEO David Neil said.

Since it was established in 2003, Genesta has completed commercial real estate transactions with a cumulative value of over €1.1 bn. Its current assets have an investment value of 770 mln. The portfolio includes office, retail and logistics assets in Finland, Sweden, Norway and Lithuania.

Genesta Nordic Real Estate Fund II raised €165 mln at its first closing this summer. Genesta expects to raise a total of €350-400 mln for the fund, which has already acquired a property in Helsinki.