Etaget, Kungsholmen, Stockholm, Sweden

Flag-Sweden

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

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