CapMan Nordic Real Estate is acquiring a mixed residential & retail portfolio in central Copenhagen
(Thomson Reuters ONE) -
CapMan Press Release - 11 September 2013 at 09.00 a.m. EEST
This press release is not an offer of any securities for sale in the United
States, Canada, Japan, Australia or in any other jurisdiction where it would
violate the laws of that jurisdiction or require measures other than those
required under the Finnish laws. Securities may not be offered or sold in the
United States absent registration under the US Securities Act of 1933
(Securities Act) or an exemption from registration. CapMan has not registered
and does not intend to register any securities under the Securities Act and does
not intend to make a public offering of any securities in the United States,
Canada, Japan, Australia or in any other jurisdiction where offering without
registration would violate the laws of that jurisdiction or require measures
other than those required under the Finnish laws.
I hereby confirm to CapMan Plc that either (a) I am not in the United States and
I am not a US person (the terms "United States" and "US person" having the
meanings set forth in Regulation S promulgated under the United States
Securities Act of 1933) or (b) I am an existing shareholder of CapMan Plc.
CapMan Nordic Real Estate is acquiring a mixed residential & retail portfolio in
central Copenhagen
CapMan Nordic Real Estate fund has signed an agreement to acquire a mixed
residential & retail portfolio in Copenhagen. The portfolio consists of seven
city properties located along Amagerbrogade, a well-known high street leading to
the centre of Copenhagen. In total the portfolio comprises 11,101 m(2) space, of
which 69% is residential and 31% retail. This is the second investment of the
CapMan Nordic Real Estate fund.
"The investment is perfectly in line with our value-add investment strategy
focusing on Nordic growth centers. The Amagerbrogade properties were built in
1890s and are mixed use with retail on the ground floor and residential
apartments above. We will add value by renting the vacant retail spaces and
realizing significant rental uplift through renovation of some of the
residential space," says Mika Matikainen, Senior Partner and Head of CapMan Real
Estate.
"We are excited about our first investment in Denmark for this fund.
Furthermore, we are looking forward to being more active in the Danish market
and to making additional acquisitions in the near future. Our local asset
management partner, Keystone Investment Management, has considerable experience
in the market and will make a strong contribution to our active asset
management," states Torsten Bjerregaard, Partner of CapMan Nordic Real Estate
and responsible for the investment.
SEB is providing the bank financing for the transaction.
The CapMan Nordic Real Estate fund completed its first closing in March 2013,
providing a current investment capacity of approximately ?125 million. The fund
made its first investment in December 2012 by acquiring the Silverdal 1 building
located in Sollentuna in the Greater Stockholm area. Fundraising for the fund
continues, with final closing expected in 2014.
For further information, please contact:
Torsten Bjerregaard, Partner, CapMan Nordic Real Estate, tel. +46 (0)8 445 1052
Mika Matikainen, Senior Partner, Head of CapMan Real Estate, tel. +358 (0)20
720 7616
CapMan Real Estate www.capman.com
CapMan Real Estate manages five real estate funds: the CapMan Nordic Real Estate
fund, which invests in office, retail and residential properties located in the
Nordic countries, the CapMan Real Estate I fund, which invests in commercial
properties in Greater Helsinki, the CapMan RE II fund, which invests in
commercial and development projects around Finland, the CapMan Hotels RE fund,
which invests in hotel properties, primarily in Finland and a project-specific
hotel property fund, CapMan Yrjönkatu 17 Ky, which owns a hotel in central
Helsinki. The team includes 19 people in Helsinki, Stockholm and London.
CapMan Real Estate is part of CapMan Group, a leading private equity firm in the
Nordic countries and Russia, with assets under management of ?3.3 billion.
CapMan has five key investment partnerships - CapMan Buyout, CapMan Russia,
CapMan Credit, CapMan Public Market and CapMan Real Estate - each of which has
its own dedicated investment team and funds. Altogether, CapMan employs 105
people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CapMan Oyj via Thomson Reuters ONE
[HUG#1728513]
Unternehmensinformation / Kurzprofil:
Datum: 11.09.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 295441
Anzahl Zeichen: 5626
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 186 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"CapMan Nordic Real Estate is acquiring a mixed residential & retail portfolio in central Copenhagen"
steht unter der journalistisch-redaktionellen Verantwortung von
CapMan Oyj (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
