Etaget, Kungsholmen, Stockholm, Sweden

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