Revelop

What Revelop does

Revelop is a Stockholm-based, partner-owned real estate investment manager founded in 2004 (as Profi Fastigheter, rebranded in May 2021) that specializes in value-add acquisitions and repositioning of commercial real estate in Sweden's three primary metropolitan regions — Stockholm, Gothenburg, and Malmö — with a recent extension into Uppsala. The firm acquires under-managed and structurally mispriced assets in sub-markets underpinned by long-term growth (urban industrial, social infrastructure, offices-to-hotels and offices-to-schools conversions), then adds value through active asset management, change-of-use repositioning, and ESG upgrades (40% energy reductions via the Myrspoven AI platform, 73% portfolio emission reductions, 15 BREEAM In-Use Very Good certifications). Capital is raised through a succession of closed-end value-add funds; the sixth and largest fund (Revelop VI) closed at SEK 3.8B in December 2024 with 80% international LP participation, taking cumulative equity raised since inception to approximately SEK 12B and Assets Under Management to SEK 13–15B. Operations are conducted through two wholly-owned, Finansinspektionen-regulated AIFMD entities (Revelop Asset Management AB and Revelop Management AB). The portfolio covers roughly 600,000 sqm of commercial space leased to approximately 200 tenants and 124 cumulative assets across 16 sub-markets.

Revelop generates revenue from four streams: (1) fund management — recurring management fees and potential carried interest on six sequential value-add funds (Fee-paying AUM approximately SEK 12–15B); (2) transaction-driven income from acquisitions, dispositions, and asset management across the ~SEK 14B cumulative acquired portfolio; (3) rental income from owned/co-invested property; and (4) growing C/O Workspace co-working revenue from six-to-eight all-inclusive flexible-office facilities operated in-house. Pricing is not publicly disclosed as each lease is individually negotiated. The go-to-market is enterprise field sales into institutional LPs for fundraising and direct B2B leasing with enterprise tenants (e.g., Plejd, IHG, AcadeMedia, Norvida, Hexagon), plus municipal partnerships with Botkyrka and Haninge.

The operating technology stack combines proprietary sustainability reporting (Position Green), AI energy optimization (Myrspoven myCore), digital twins (Vyer), water management (Smartvatten), and a battery storage programme across Gothenburg and Västerås. Revelop is a signatory to the UN Global Compact, UN PRI, a GRESB participant, an INREV member (with a seat on the INREV Technology Committee), and was ranked by Burgiss/MSCI as one of the world's top-performing real estate investment managers on a consistent-returns basis.

Name

Revelop

Legal name

Revelop AB

Website

https://revelop.se

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Management

NAICS

Nonresidential Property Managers (531312), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Value-add real estate
• Commercial property investment
• Real estate fund management
• Real estate redevelopment
• ESG real estate investing

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Fund Management: Revelop operates as a real estate fund manager, raising equity from institutional investors for value-add property funds. Generates management fees and carried interest from fund operations.
2. Property Investment Returns: Acquires undervalued properties, creates value through active management and repositioning, and generates returns through appreciation and eventual sale.
3. Rental Income from Properties: Generates rental income from approximately 600,000 sqm of commercial space including offices, industrial, social infrastructure, and hotel properties. Serves approximately 200 tenants.
4. C/O Workspace Co-working Revenue: Own flex office concept generating revenue from flexible office rentals. Six co-working facilities operating with all-inclusive pricing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Revelop is a Swedish value-add real estate investment manager that acquires, actively manages, and repositions underperforming commercial properties in the Stockholm, Gothenburg, and Malmö metropolitan regions through a series of value-add private equity funds. The company leases office, industrial, social infrastructure, and hotel properties to commercial tenants, and operates the proprietary C/O Workspace flex-office concept on an all-inclusive, short-term basis. Revenue is generated through fund management fees and carried interest, rental income from approximately 600,000 sqm of directly held commercial space, and subscriptions from C/O Workspace members.

Differentiator

Problem solved

Functional benefit

Brands

• C/O Workspace: Revelop's own co-working concept offering all-inclusive flexible office solutions without long-term rental contracts, targeting both small and large businesses. The concept has a high sustainability profile and is operated in-house. Six co-working facilities were operational as of 2025.

Products and services

• Revelop Value-Add Real Estate Funds (I–VI) A series of closed-end value-add private equity real estate funds investing in undervalued Swedish commercial real estate. Revelop raises equity from institutional investors (Revelop VI closed at SEK 3.8 billion in December 2024 with 80% from international investors; cumulative ~SEK 12 billion raised since 2004), generates management fees and carried interest, and acquires, repositions, and disposes of assets on behalf of LPs.
• Property Investment & Development Direct acquisition and value-add repositioning of underperforming commercial real estate in Swedish metropolitan sub-markets across Stockholm, Gothenburg, and Malmö. Covers offices, industrial/logistics, urban residential conversions, social infrastructure, and hotel conversions. Approximately 600,000 sqm of lettable space across 124 assets acquired since 2004 (aggregate cost ~SEK 14 billion).
• Commercial Property Leasing Long-term lease of office, industrial, retail, hotel, and social-infrastructure space to approximately 200 tenants across 16 metropolitan sub-markets in Sweden. Leases are negotiated individually based on property, location, term, and tenant requirements (e.g., Plejd 13-year 22,000 sqm tech campus; AcadeMedia 15-year campus; Norvida 10-year cold storage).
• C/O Workspace Revelop's proprietary, in-house co-working and flexible office concept providing all-inclusive office solutions without long-term leases, targeting both small and large companies with a high sustainability profile. Six facilities operating, expanding to eight by year-end 2025 with new sites in Stockholm, Helsingborg, Malmö, and Tyresö.
• ESG and 'Brown-to-Green' Repositioning Service Embedded active asset-management offering across the portfolio targeting carbon-footprint reduction, energy upgrades, BREEAM In-Use certification, solar PV and battery storage installation, AI-driven energy optimization (Myrspoven myCore AI), water optimization (Smartvatten), and digital twin property data (Vyer). Achieved 73% portfolio emission reduction and 15 BREEAM In-Use Very Good certifications.

Quantifiable outcome

• 40% reduction in energy consumption through AI optimization with Myrspoven
• +4 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Kista Limitless (Joint Venture)coreStrategic or Co-development Partner · 15 November 2021Joint venture with Corem, Vasakronan, Kungsleden (Castellum), and Atrium Ljungberg to drive development of Kista district. Formed as a separate company (Kista Limitless AB) to create a common vision for transforming Kista into a vibrant mixed-use urban destination. Revelop owns Nordic Forum property in Kista.
• MyrspovencoreTechnology or IntegrationPropTech company providing AI-powered energy optimization (myCore AI). Revelop invested in Myrspoven as part of ESG strategy and uses their technology across portfolio. Collaboration led to 40% energy consumption reduction at Nattvakterna buildings.
• The Good TalentsminorOthersSocial sustainability partnership with Botkyrka-based organization. Running ReTalents youth coaching program for fourth consecutive year, helping young people from Botkyrka develop ideas and solve community challenges.
• IHG Hotels & ResortscoreChannel Partner/ Reseller/ DistributorGlobal hotel company operating voco hotels brand in Revelop's Nordic Forum property in Kista (201 rooms) and Ruby Hotels lean luxury brand in Norsen property, Malmö (78 rooms).
• Botkyrka MunicipalityminorStrategic or Co-development PartnerMunicipal partnership including 22,000 sqm lease for government agency and municipality in Tumba, letter of intent for new municipal building in Hamradalen, and participation in BoTryggt2030 safety initiative.
• Haninge MunicipalityminorStrategic or Co-development PartnerPartnership on Haninge Central development including cultural activation project 'På väg(g)', participation in BoTryggt2030 safety initiative, and community engagement programs.
• INREV Technology CommitteeminorOthersIndustry association membership where Revelop's Head of PropTech and Digitalisation serves as committee member, contributing to industry digitalization efforts.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Pangea Property Partners: Pangea is a Nordic real estate investment manager raising institutional capital for value-add strategies across Denmark and Sweden, sharing Revelop's playbook of acquiring undermanaged assets with repositioning upside.
• Areim: Areim is a Nordic real estate investment manager running value-add and core+ funds similar to Revelop, with comparable institutional LP base and a focus on Swedish and Nordic commercial real estate repositioning and fund management.
• Sveafastigheter: Sveafastigheter is a Swedish real estate fund manager focused on value-add and opportunistic strategies across Nordic commercial and residential assets, directly competing for LP capital and deal flow with Revelop.
• Brunswick Real Estate: Brunswick Real Estate is a Nordic/Danish CRE investment manager operating value-add funds for institutional investors, paralleling Revelop's model of thematic repositioning of undermanaged properties across the Nordics.
• Slättö Real Estate: Slättö is a Nordic real estate investment manager running value-add funds focused on residential and commercial repositioning across the Nordics, comparable to Revelop in strategy, scale and LP base.
• Estea: Estea is a Swedish real estate fund manager focusing on commercial property investments for institutional and private investors, operating a comparable value-add model targeting Swedish metropolitan markets.

Broad incumbents

• CapMan Real Estate: CapMan is a broader Nordic private equity and real estate manager with multiple RE vehicles, competing for institutional mandates and Swedish value-add deals while also operating outside RE.
• Nordic Real Estate Partners (NREP): NREP is one of the largest Nordic real estate investment managers with multiple strategies and geographies, serving as a broader incumbent competing for Nordic institutional LP mandates and value-add deal flow.
• Castellum: Castellum is a major listed Swedish commercial real estate company with a broad portfolio across offices, logistics and retail, overlapping Revelop's target geographies and asset classes as both a counterparty (Revelop acquired assets from Castellum) and competitor.
• Heimstaden: Heimstaden is a major Nordic residential and mixed-use real estate company operating across multiple countries; it overlaps with Revelop in the Swedish market for institutional real estate investments while being significantly larger and broader.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/revelop1
• Facebookfacebook.com/Revelopfast

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Revelop