Swedish real estate company Revelop has purchased two fully leased industrial properties in two separate transactions in Stockholm and Gothenburg respectively.
The industrial properties comprise a total of 8,800 square meters of lettable space.
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 AB that will continue its operations on the site and comprises 6,800 sqm lettable area.
The seond property, located in the Kärra submarket, comprises approximately 2,000 square meters of lettable space for industrial operations. Kärra is characterized by a low vacancy rate driven by strong demand and the proximity to the motorway network that connects the Gothenburg region.
”We believe a lot in the industrial sector, especially in urban locations that are affected by the ongoing development. Through comprehensive ESG initiatives, such as improved energy performance, we extend the life of buildings and take them on a journey from brown to green. The additional acquisitions strengthen our existing portfolio and provide a high risk-adjusted return with strong cash flow,” says Thomas Sipos, Group CEO at Revelop.
The ESG strategy includes, among other things, investments in new technology such as the installation of solar panels, AI control with the aim of reducing energy consumption and environmental certification according to BREEAM In-Use.
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