Revelop acquires a fully let light industrial asset in Gothenburg

Stockholm, 10 February: Revelop acquires a fully let light industrial asset in Högsbo, Gothenburg from Kobia AB.

Revelop has built a strong portfolio in the Gothenburg region and through this acquisition Revelop continue its strategy to invest in prioritized submarkets. The freehold asset Högsbo 19:1 is located in the commercial and residential development area Högsbo. The acquisition means that further operational and development synergies can be achieved together with the existing Revelop portfolio. The asset is acquired from Kobia AB.

Högsbo 19:1 is a light industrial/warehouse asset and comprises a total lettable area of 2,405 square meters. The asset is fully let to Kobia, a full-range supplier within the pastry and bakery markets in Northern Europe with over 100 years history. Kobia currently employs about 80 people in Sweden with a total turnover of approx. SEK 500m. The asset’s location is ideal for last mile distribution over the Gothenburg region and the tenant also exports to Finland, Norway, Poland, Denmark, and Iceland from the asset.

“Revelop have strong conviction for the Gothenburg region on the back of its strong expected growth. This investment adds to our existing portfolio which we aim to grow further. We look forward to refining the asset to a prime industrial facility with highest possible ESG credentials.” says Thomas Sipos, Group CEO and Executive Partner at Revelop.

For more information, please contact:
Thomas Sipos, Group CEO & Executive Partner at Revelop
tel: +46 70-980 66 06
email: thomas.sipos@revelop.se

About Revelop:
Revelop is not an ordinary real estate investor. We invest in places where we can create a positive, long-lasting impact by repositioning and developing real estate with a distinct focus on sustainability. The company is ranked by the data and analytics company Burgiss as one of the world’s best performing real estate fund managers over time in terms of consistent returns. The existing real estate portfolio comprises 570,000 m2 and the value amounts to SEK 8,2 billion.