Revelop, the Stockholm based Sweden focused real estate investor has secured new equity capital commitments exceeding SEK 2.4 billion for its latest flagship value-add fund. The capital comes from a combination of existing and new institutional investors, with the majority being international.
Revelop has had a strong start to the investment year taking advantage of the market dislocation. In two individual transactions, a total of 11 assets comprising 70,000 square meters has been acquired, representing SEK 1 billion in asset value. One of the transactions was a portfolio acquisition from Castellum that constituted assets in both Stockholm and Gothenburg, in strong urban transformational locations.
Source: revelop.se on the 7th of May, 2024
https://revelop.se/revelop-makes-first-acquisitions-for-its-latest-flagship-value-add-fund/#:~:text=Stockholm%2C%207%20May%3A%20Swedish%20real,900%20million%20acquisition%20from%20Castellum.