Swedish real estate fund manager Revelop has acquired two fully let industrial assets in Stockholm and Gothenburg. The assets have a combined total lettable area of 8,800 m2.
Financial details were not disclosed.
The assets are acquired in two separate transactions and are located in existing clusters, contributing to strengthen Revelop’s position in two of its prioritised sub-markets. Both assets
were fully let at acquisition.
Thomas Sipos, group CEO and executive partner at Revelop said: 'We have strong conviction for the industrial sector, especially in urban locations benefitting from ongoing transformation and development.
'Through extensive ESG-initiatives we will extend the life of the buildings with, among other things, improved energy performance, which will transform the assets from brown to green.
'These add on investments strengthen our existing portfolio but also offers high risk adjusted returns with strong cash flow.'
In Stockholm Revelop acquired an industrial asset - Köksmästaren 2 and 3 - in the fast-growing sub-market Lindalen in Tyresö.
The area has an excellent last mile logistics location due to its distribution opportunities to Greater Stockholm, Nynäshamn Harbour and the rest of Sweden.
The asset was acquired from the owner occupier Kobia, which will continue its operations on the site, and comprises 6,800 m2 lettable area.
Following the previous acquisition of four industrial assets in the Gothenburg sub-market of Kärra, Revelop has added another property in the area.
The asset comprises 2,000 m2 lettable area for industrial use. Kärra is characterised by low vacancy levels due to strong occupier demand with great access to main motorways, connecting the Greater Gothenburg Region.
Revelop's ESG-strategy includes instalment of solar panels, AI and automation systems and environmental certifications according to BREEAM In-Use.
