Investment Date
Q3 2014
Exit Date
Q3 2017
(Fully Realised)
Asset type
New build residential
Revcap strategy
Pre-sold development
Revcap Fund
KHCP III
Investment Type
Joint Venture Equity
Background and Opportunity
- Stockholm was a heavily under-supplied residential market due to growing demand and a supply constrained market
- Purchase of a vacant office and industrial building in central Stockholm to be demolished and replaced with 7,390m² new build 13 storey apartment scheme
- The JV partner had already obtained planning permission prior to Revcap’s commitment
Transaction Progress
- Project was 61% pre-sold when Revcap committed and was 100% pre-sold in advance of completion
Current Status
- Project competed and fully exited in Q3 2017
