The asset is situated along Svartbäcksgatan, one of the city’s main pedestrian streets. The location benefits from strong footfall, an attractive surrounding residential area and a large and growing catchment area, supported by ongoing infrastructure and urban development initiatives.

The acquisition further strengthens Revelop’s presence in Uppsala, where the company has continued to build exposure to assets benefiting from the city’s strong structural growth. Uppsala is supported by major infrastructure and urban development initiatives, including the expansion of the central station, the four-track railway connection to Stockholm and the continued transformation of Södra City. All of these are expected to improve connectivity and strengthen the fundamentals for retail, office and residential uses.

Revelop sees clear potential to create value through active asset management. The business plan includes, among other initiatives, leasing vacant space and upgrading the asset’s technical and environmental performance.

“Opportunities like this require both local knowledge and the ability to move quickly. Our experience in Uppsala allowed us to assess the asset and its potential within a short timeframe. Dragarbrunn is a unique asset in an exceptional city-center location, and we see several ways to unlock its potential through active management,” says Thomas Sipos, CEO & Executive Partner at Revelop.