Revelop has signed a 15-year lease agreement covering c. 9,000m2 with AcadeMedia. Through the agreement, the parties are converting Revelop’s property Tuborg 1, in central Malmo, into a modern education campus. The property, a historic red brick industrial building, originally developed as a textile factory, will house three of AcadeMedia’s upper secondary school programmes.
Revelop acquired the asset vacant at the end of 2021 with the plan to convert the existing building into educational space. Following the lease agreement with AcadeMedia the asset, which also has the gym Nordic Wellness as a tenant, is fully let.
Revelop has rezoned and extended a building right for an asset, allowing it for educational usage as upper secondary school administration. The building is being converted into a modern education campus with a cultural-historical value. AcadeMedia will take possession of the premises during the summer 2025. The conversion generates approximately 70% less carbon dioxide compared to equivalent climate-smart new construction, creatinga significant positive social impact.
Through the conversion of the asset, Revelop is installing state-of-the-art building technical and facilities management systems to achieve a more energy-efficient and environmentally friendly operation. The investments enable a positive change through increased resource efficiency and reduced carbon dioxide emissions. The asset will be certified according to the Swedish standard Miljobyggnad Silver.
“When we acquired Tuborg 1, the asset had been vacant for many years. I am very proud of the Revelop team, which implemented a very complex business plan at record speed and, together with AcadeMedia, created a state-of-the-art education campus. This investment is a textbook example of how Revelop extends the life of buildings and takes them on a journey from brown to green. It also exemplifies our strategy to convert outdated commercial real estate assets into core social infrastructure products,” said Revelop’s Group CEO and Executive Partner Thomas Sipos.
AcadeMedia's establishment in Tuborg 1 comprises three upper secondary schools in a shared campus.
“Malmo, with its rich cultural life, is a hub for research, creativity, design, and music. We are proud to offer three upper secondary schools in a shared campus within a unique historic environment with the best possible ESG credentials. Through this agreement, we will be able to offer even better school and work environments for our students and staff,” said Jimmy Kjellstrom, Head of AcadeMedia’s upper secondary schools.
Image provided by Revelop.
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