CapMan Real Estate sells school property in Stockholm ahead of schedule
(Thomson Reuters ONE) -
CapMan Real Estate Press Release 22 September 2016 at
2.00 p.m. EEST
CapMan Real Estate sells school property in Stockholm ahead of schedule
CapMan Nordic Real Estate fund has agreed to sell The English School property in
Älvsjö, Southern Stockholm following its recent conversion of the building from
office to school use. The buyer is Fastighets AB Stenvalvet, a Swedish property
company owned by pension funds. Stenvalvet owns and develops properties for
public use.
CapMan Real Estate originally invested in the vacant 7,930 square-meter office
property in August 2015 in order to convert the building into modern school
premises for Internationella Engelska Skolan (IES), which signed a long-term
lease for the property. The conversion work was finalised as originally
scheduled and the school opened its doors in August this year.
"Älvsjö is a fast growing suburb with high demand for services and our school
project has generated great interest from both pupils and their families.
Investor interest has also been very strong. We are very happy about the smooth
collaboration we have enjoyed with IES in Älvsjö and look forward to continuing
our excellent relationship on other future projects," comments Ed Williams,
Senior Partner at CapMan Real Estate.
The English School is the fourth exit of the CapMan Nordic Real Estate fund. The
focus of the ?273 million fund is to acquire mainly office, retail and
residential properties located in established submarkets of major Nordic cities.
The fund was established in 2013.
For further information, please contact:
Ed Williams, Senior Partner, CapMan Real Estate, tel. +46 8 445 1051
CapMan www.capman.com
CapMan is a leading Nordic investment and asset management company active 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 Nest Capital - 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.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CapMan Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 22.09.2016 - 13:00 Uhr
Sprache: Deutsch
News-ID 496476
Anzahl Zeichen: 3411
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan Real Estate sells school property in Stockholm ahead of schedule"
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