Revelop has raised SEK 2.1 billion (€206 million) following a final close for its fifth investment fund, Revelop V, making it the largest Swedish real estate fund in seven years.

The manager, which recently changed its name from Profi Fastigheter to emphasise its focus on sustainability, is seeking to refine and develop commercial properties in Sweden’s three metropolitan areas. “With our new name, we want to clarify our philosophy of investing in properties that we can refine and develop in a sustainable way and thereby contribute to a new, more sustainable society,” says Thomas Sipos, CEO of Revelop. “By extending the life of buildings, we contribute to a reduced environmental footprint through better use of resources and avoid the major negative effects that demolition and new construction have.”

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