Revelop makes urban in-fill investment

Revelop acquires Berga 11:52 located in Åkersberga, a key development node in the northern Stockholm area. The asset consists of 6,500 sqm of lettable space with the majority of tenants being publicly funded.

Revelop continues its strategy to acquire assets with strong potential in submarkets with structural growth. The asset is located adjacent to the modern shopping centre Åkersberga Centrum, a mere 70-meter walk from the commuter train station Roslagsbanan, with direct access to central Stockholm.

“This is a unique opportunity to create a core social infrastructure asset with long lease duration and high ESG credentials situated in one of Stockholm’s prime submarkets”, says Thomas Sipos, Group CEO and Executive Partner at Revelop.

Åkersberga Centrum, which is located in Österåker municipality, is prioritized for continued urban development including a new travel centre. The municipality plans to develop 15,000 square meters for services, offices, and commerce, construct around 1,000 apartments, and create 7,000 new job opportunities and is one of Sweden’s fastest-growing municipalities.

The asset is freehold and consists of 6,500 square meters of lettable area with approximately 60 percent of total rental income represented by direct and indirect government-financed operations with high occupancy.

The main components of the business plan are to increase the share of social infrastructure space, establish Revelop’s coworking concept – C/O Workspace, and launch a comprehensive ESG program including technical upgrades to significantly reduce OPEX with improved environmental footprint.

“The main source of heating is currently from electricity with direct effect. The installation of solar panels, district heating and an AI-controlled BMS will dramatically reduce operating expenses and emissions. This is a good example of Revelop’s from brown to green strategy where we extend the life of existing assets rather than build new”, says Thomas Sipos.