Swedish real estate investor Revelop has acquired 11 assets in two separate transactions after securing more than SEK 2,4 billion in new equity commitments for its latest flagship value-add fund. One of the transactions is a SEK 900 million acquisition from Castellum.
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: press release