CapMan Real Estate advises BVK on the acquisition of three residential properties in a growing area in Copenhagen
(Thomson Reuters ONE) -
CapMan Real Estate Press release 29 December 2016 at 10.30 a.m. EET
CapMan Real Estate advises BVK on the acquisition of three residential
properties in a growing area in Copenhagen
CapMan Real Estate advises BVK, Germany's largest pension scheme group, on the
acquisition of three prime residential properties in Strandholmen, a growing
residential area in Copenhagen. The acquisition is the second portfolio
transaction completed under CapMan Real Estate's ?400 million mandate to invest
in residential real estate in the Nordics.
Strandholmen is a former industrial area located four kilometres from the
Copenhagen city centre. The area has been redeveloped in to a lively
neighbourhood close to recreational areas, public transport connections and
services. The three buildings to be developed comprise a total area of 19,523
m(2), including 176 apartments and 86 underground parking spaces. Two of the
properties are under construction and expected to be completed in July 2018. The
third property is conditional on obtaining the planning consent. The properties
are developed and sold by CASA A/S. The investment volume once the development
is completed is approx. ?85 million euros.
"We are very pleased to announce our second investment under the ?400 million
residential investment mandate awarded by BVK. Copenhagen's residential market
is continuing to grow and the rental occupancy rates are high. In addition,
Strandholmen has an attractive location making the investment a perfect match
for the investment strategy under the mandate." comments Torsten Bjerregaard,
Senior Partner at CapMan Real Estate.
In April 2016, CapMan Real Estate advised BVK on the acquisition of an approx.
?80 million prime residential portfolio in the Helsinki Metropolitan Area under
the investment mandate.
For further information, please contact:
Torsten Bjerregaard, Senior Partner, CapMan Real Estate, tel. +46 (0)8 445 1051
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. CapMan has 100 professionals and assets under management of
?2.8 billion.
Bayerische Versorgungskammer (BVK)
www.versorgungskammer.de
Bayerische Versorgungskammer is the competence and service centre for
occupational and communal pension schemes and Germany's largest pension scheme
group under public law. It is the joint executive body of twelve liberal
professions' and communal pension schemes. BVK covers about 2 million insured
persons in total, with contributions of ?4 billion and ?2.9 billion pension
payments annually. It currently has ?62 billion assets under management and
1,200 employees.
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: 29.12.2016 - 09:30 Uhr
Sprache: Deutsch
News-ID 515134
Anzahl Zeichen: 4217
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan Real Estate advises BVK on the acquisition of three residential properties in a growing area in Copenhagen"
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