Revelop acquires prime urban development property near Stockholm (SE)

Revelop acquires prime urban development property near Stockholm (SE)

Revelop acquires an asset is located adjacent to the modern shopping center Akersberga Centrum, a mere 70m walk from the commuter train station Roslagsbanan, with direct access to central Stockholm.

 

Akersberga Centrum, located in Osteraker municipality, is prioritized for continued urban development including a new travel centre. The municipality plans to develop 15,000m2 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 consist of 6,500mlettable area with approximately 60% of total rental income represented by direct and indirect government-financed operations with high occupancy.

 

The main components of the business plan is to increase the share of social infrastructure space, establish Revelop’s coworking concept - C/O Workspace, and to 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. 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,” said Thomas Sipos, Group CEO and Executive Partner at Revelop.

 

Image provided by Revelop.

Related News