CapMan Real Estate develops a five-star hotel in Helsinki city centre
(Thomson Reuters ONE) -
CapMan Press Release 8 December 2015 10 a.m. EET
CapMan Real Estate develops a five-star hotel in Helsinki city centre
CapMan Nordic Real Estate fund acquires Yrjönkatu 13, a landmark building by the
Old Church Park in Helsinki city centre. The property will be converted into a
150-room luxury hotel named St. George, operated by Kämp Group. The hotel is due
to open in summer 2017.
Yrjönkatu 13 was originally designed for residential use by the architect Onni
Tarjanne, who has designed many landmark buildings in Helsinki, including the
Finnish National Theatre. The most iconic section of the current 10,200 square
metre building was completed in 1890, after which it has been expanded in
several phases. The property has been in office use from the 1970s. The existing
floor plans are well-suited for hotel conversion and the CapMan Nordic Real
Estate fund has already signed a long-term lease agreement with Kämp Group, the
leading Finnish luxury and lifestyle hotel operator. The building will be
completely renovated and the new St. George hotel will open for public in summer
2017.
The hotel concept will include 150 hotel rooms, an exclusive spa area with a
swimming pool, a restaurant, a cocktail bar and a winter garden located in the
inner courtyard. The image and interior design of the hotel is made by the
Swedish agency Stylt Trampoli, representing visionary, yet timeless design and
creative concepts. The agency has received several prices, including two
European Hotel Design Awards.
"We are excited to develop this state-of-the-art hotel in such a great location.
We have worked together with Kämp Group for over a year to develop the hotel
conversion plan. CapMan Real Estate's strong experience in property development
and hotel properties have been a great advantage already in the project planning
phase," says Juhani Erke, Partner at CapMan Real Estate. "We are proud to bring
new life to this exceptional building together with Kämp Group," Erke continues.
"Hotel St. George aims to become Helsinki's most enchanting luxury hotel.
Classical yet modern with surprising style, it complements the range of top
hotels in Helsinki, the most famous of which is the group's flagship hotel,
Hotel Kämp. The hotel offers not only first-class service and impressive design,
but it's also perfectly located in the very heart of Helsinki," says Laura
Tarkka, Managing Director of Kämp Group.
The renovation project is due to start in January 2016. The project management
consultant is Ramboll CM Oy while Arkval Architech Oy is responsible for the
architectural planning.
The renovation work aims for the LEED© Platinum environmental certificate. LEED
(Leadership in Energy & Environmental Design) is an international programme that
recognises best-in-class building strategies and practices.
Yrjönkatu 13 is the CapMan Nordic Real Estate fund's 14th investment overall and
its third in Finland.
"This investment is perfectly in line with our CapMan Nordic Real Estate fund's
value-add strategy and we are very happy that the whole property has already
been leased before the renovation works begin", says Mika Matikainen, Senior
Partner and Head of CapMan Real Estate.
Kämp Group is a portfolio company of the CapMan Buyout X fund, which is managed
by CapMan.
Download images of the property: image1, image2
For further information, please contact:
Juhani Erke, Partner, CapMan Real Estate, tel. +358 505 495 104
Mika Matikainen, Senior Partner, Head of CapMan Real Estate, tel.
+358 207 207 616
Laura Tarkka, Managing Director, Kämp Group Oy, Tel. +358 40 505 2193
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. Our objective is to 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 - as well as our associated company Norvestia 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 ?2.8 billion.
Kämp Group www.kampgroup.fi, www.hotelkamp.com, www.glohotels.fi,
www.kampspa.fi, www.klauskhotel.com, www.lillaroberts.com, www.hotelhaven.com,
hotelfabian.com
Kämp Group is Finnish hotel concern, which consists of Helsinki's most reputable
hotels and restaurants, and Kämp Spa. Kämp Group has approximately 400 employees
and its 2015 turnover is approximately 63 million euros. Kämp Group's most
well-known hotel is Hotel Kämp, which was established in 1887. In addition to
that also the luxury and design hotel Klaus K, valued Hotel Haven, Hotel Fabian
and newest family member opened in August 2015 Hotel Lilla Roberts and the
popular lifestyle hotel chain GLO are part of the group. Kämp Group is owned by
CapMan managed funds, Berling Capital OY and Rake Oy and Kämp Group's
management.
Park view:
http://hugin.info/132028/R/1972058/721222.jpg
Air view:
http://hugin.info/132028/R/1972058/721221.jpg
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#1972058]
Unternehmensinformation / Kurzprofil:
Datum: 08.12.2015 - 09:10 Uhr
Sprache: Deutsch
News-ID 438135
Anzahl Zeichen: 6660
contact information:
Town:
Helsinki
Kategorie:
Business News
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