Revelop acquires two industrial assets in Stockholm and Gothenburg
Stockholm, 13 June: The Swedish real estate fund manager Revelop acquires two fully let industrial assets in Stockholm and Gothenburg. The assets have a combined total lettable area of 8,800 sqm.
Revelop continues its strategy to source industrial assets in sub-markets with strong structural growth. The assets are acquired in two separate transactions and are located in existing clusters, contributing to strengthen Revelop’s position in two of its prioritized sub-markets. Both assets are fully let at acquisition.
In Stockholm Revelop acquires an industrial asset – Köksmästaren 2 and 3 – in the fast-growing sub-market Lindalen in Tyresö. The area has an excellent last mile logistics location due to its distribution opportunities to Greater Stockholm, Nynäshamn Harbour and the rest of Sweden. The asset is acquired from the owner occupier Kobia AB that will continue its operations on the site and comprises 6,800 sqm lettable area.
Following the previous acquisition of four industrial assets in the highly attractive sub-market Kärra, Gothenburg, the foothold is expanded further with an add-on acquisition. The asset comprises 2,000 sqm lettable area for industrial use. Kärra is characterized by low vacancy levels due to strong occupier demand with great access to main motorways, connecting the Greater Gothenburg Region.
“We have strong conviction for the industrial sector, especially in urban locations benefitting from ongoing transformation and development. Through extensive ESG-initiatives we will extend the life of the buildings with, among other things, improved energy performance, which will transform the assets from brown to green. These add on investments strengthen our existing portfolio but also offers high risk adjusted returns with strong cash flow,” says Thomas Sipos, Group CEO and Executive Partner at Revelop.
The ESG-strategy includes instalment of solar panels, AI and automation systems and environmental certifications according to BREEAM In-Use.
For more information, please contact:
Thomas Sipos, Group CEO & Executive Partner at Revelop
tel: +46 70-980 66 06
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 575,000 m2 and the value amounts to SEK 8 billion.