CapMan Real Estate exits two residential properties in Copenhagen
(Thomson Reuters ONE) -
CapMan Real Estate Press release 3 October 2016 at
2:00. p.m. EEST / 1:00 p.m. CEST
CapMan Real Estate exits two residential properties in Copenhagen
CapMan Nordic Real Estate fund has sold two prime residential properties in
Copenhagen, comprising 210 apartments over 15,151 square metres, to Akelius
Residential Property AB (publ). The purchase price is DKK 321.5 million (?43.2
million).
The two properties built in 1930 and 1884 are located in Christianshavn and
Österbro -popular areas in central Copenhagen. CapMan has already completed
extensive renovations for a significant number of apartments in line with the
plan to upgrade the entire residential portfolio.
"We are very pleased with making another successful exit from our Nordic Fund.
We have completed the business plan of upgrading these properties and, in
addition, we have converted part of the available attic space into additional
apartments," comments Torsten Bjerregaard, Senior Partner at CapMan Real
Estate.
CapMan Nordic Real Estate fund invested in the residential portfolio in 2014 and
the transaction announced today is the sixth exit of the 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:
Torsten Bjerregaard, Senior Partner, CapMan Real Estate, tel. +44 7715 772 554
CapMan
www.capman.com
twitter.com/CapManPE
CapMan is a leading Nordic investment and asset management company. 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
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: 03.10.2016 - 13:00 Uhr
Sprache: Deutsch
News-ID 498386
Anzahl Zeichen: 3144
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan Real Estate exits two residential properties in Copenhagen"
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