Through the acquisition Revelop continues its strategy to invest in submarkets that is undergoing structural growth. The Torslanda submarket is a strategic development area and a significant hub for industry and research in the Gothenburg region. Torslanda benefits from other major development areas such as Arendal, Backaplan, Sörred Logistics Park and Hisingen Logistics Park.
Sörred 8:5 comprises a total lettable area of 14,256 square meters and current use is industry, offices and social infrastructure. Revelop will reposition the asset through the upgrading of existing building structures and through the development of unutilised building rights. The asset will also undergo a sustainability journey from brown to green.
The acquisition of Sörred 8:5 further strengthens Revelop’s position in Gothenburg, where the portfolio now includes 23 assets comprising 150,000 square meters in total.
Revelop will execute a comprehensive ESG plan including a BREEAM In-Use certification, investments in building automation systems as well as solar energy. Projected reduction of CO2 emissions is targeted to 50 tonnes per year.
Croisette has been the sellers advisor.