Swedish real estate investor Revelop has acquired 11 assets in two separate transactions after securing more than SEK 2,4 billion in new equity commitments for its latest flagship value-add fund. One of the transactions is a SEK 900 million acquisition from Castellum.
Revelop, the Stockholm-based Sweden-focused real estate investor has secured new equity capital commitments exceeding SEK 2.4 billion for its latest flagship value-add fund. The capital comes from a combination of existing and new institutional investors, with the majority being international.
Revelop has had a strong start to the investment year taking advantage of the market dislocation. In two individual transactions, a total of 11 assets comprising 70,000 sqm have been acquired, representing SEK 1 billion in asset value. One of the transactions was a portfolio acquisition from Castellum that constituted assets in both Stockholm and Gothenburg, in strong urban transformational locations.
“These acquisitions are a result of our proactive research-driven sourcing, local market knowledge and conviction in our carefully selected investment themes. Revelop’s sector-agnostic investment strategy is to acquire assets with value-add potential in sub-markets with strong structural growth,” says Thomas Sipos, Group CEO and Executive Partner at Revelop.
Revelop has a long track record of outperformance from investing in urban industrial, mixed-use and social infrastructure assets with repositioning and development potential. Revelop is seeking to invest in assets that can be future proofed through various ESG initiatives including a significant reduction in carbon footprint, improved energy performance and environmental certifications as well as creating positive social impact.
“In a challenging fundraising environment, I’m humbled and grateful for the support from both existing and new investors. It shows strong investor interest in Swedish value-added real estate and that investors back managers with a sustainable business model and strategy. I’m excited about the market opportunity in Sweden, where we now can acquire undermanaged assets at very attractive entry values. Strong growth prospects for the Swedish economy, combined with significant infrastructure investment, reindustrialisation and FDI, create interesting times for value-add investments.” says Thomas Sipos.
