CapMan Nordic Real Estate fund exceeds its initial target size at final closing
(Thomson Reuters ONE) -
CapMan Press Release 1 April 2015 at 10.00 a.m. EEST
CapMan Nordic Real Estate fund exceeds its initial target size at final closing
CapMan's latest value-add fund held its final closing at EUR 273 million,
exceeding its initial target size, with a support from a number of institutional
investors across Europe and the US. The fund invests predominantly in office,
retail and residential properties in established and fast-growing submarkets of
major Nordic cities.
The CapMan Nordic Real Estate fund has already made six investments deploying
approx. one third of its total capital. The investments include office buildings
Silverdal I, Apelsinen 4 and Bergshamra Bro in fast-growing and well-connected
office areas in Northern Stockholm and the Plaza Presto office building in
Finland close to the Helsinki-Vantaa airport. Furthermore, the fund has acquired
nine properties on Amagerbrogade and two prime residential properties in central
Copenhagen where the residential market is experiencing high demand.
"There are a lot of attractive investment opportunities in our key markets and
we are expecting to make a number of new investments this year. Thanks to our
local presence and strengthened team, we have excellent resources for value
creation. We manage and develop our properties in close cooperation with our
tenants," says Mika Matikainen, Senior Partner and Head of CapMan Real Estate.
Last week the CapMan Nordic Real Estate fund made its latest investment
commitment to the development of City Center BROEN, a 29,900 m² shopping centre
in Esbjerg, Denmark. The construction of the shopping centre with approx. 70
stores will start in the spring 2015. The development project is carried out in
partnership with TK Development A/S.
"The shopping centre has a unique location over the railroad tracks next to the
downtown train station with excellent accessibility by car and public
transportation. The shopping centre will strengthen the Esbjerg city centre and
offer a premier shopping experience for a catchment area of approx. 250,000
people," comments Torsten Bjerregaard, Senior Partner at CapMan Real Estate.
For further information, please contact:
Mika Matikainen, Senior Partner, Head of CapMan Real Estate, tel. +358 (0)20
720 7616
Torsten Bjerregaard, Senior Partner, CapMan Real Estate, tel. +44 7715 772 554
CapMan www.capman.com
CapMan is one of the European leaders in the private equity industry. For more
than 25 years, we have been developing companies and real estate and supporting
their sustainable growth. We are committed to understanding the needs of our
customers in an ever-changing market environment. We provide attractive returns
and innovative solutions for our investors and value adding services for
professional investment partnerships, growth-oriented companies and tenants. Our
independent investment partnerships - Buyout, Real Estate, Russia and Credit -
are responsible for investment activities and value creation. CapMan's service
business offering includes fundraising advisory services, purchasing activities
and fund management services to both internal and external customers. CapMan has
100 private equity professionals and assets under management of ?3.0 billion.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1908151]
Unternehmensinformation / Kurzprofil:
Datum: 01.04.2015 - 09:00 Uhr
Sprache: Deutsch
News-ID 382713
Anzahl Zeichen: 4189
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 132 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"CapMan Nordic Real Estate fund exceeds its initial target size at final closing"
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).
