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 Hogsbo 19:1 is located in the commercial and residential development area Hogsbo. 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.
Hogsbo 19:1 is a light industrial/warehouse asset and comprises a total lettable area of 2,405m². 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.€44.78m (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,” said Thomas Sipos, Group CEO and Executive Partner at Revelop.
