Revelop has acquired 11 assets comprising 70,000m2 in two separate transactions after securing more than €186.9m in new equity commitments for its latest flagship value-add fund. One of the transactions was a c. €80.1m 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,” said Thomas Sipos, Group CEO and Executive Partner at Revelop. “In a challenging fundraising environment, I’m humbled and grateful for the support from both existing and new investors. It shows strong investor interest for Swedish value-add 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.”
Image source - Pexels.
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