CapMan Nordic Real Estate acquires a residential property in central Aarhus
(Thomson Reuters ONE) -
CapMan Real Estate Press release
26 June 2017 at 9:00 a.m. EEST
CapMan Nordic Real Estate acquires a residential property in central Aarhus
CapMan Nordic Real Estate fund has acquired a residential property located at
Frederiks Allé 75 in central Aarhus. The property is only 5-minute walk from the
main train station and Bruun's Gallery shopping mall.
Frederiks Allé 75 was built in the 19(th) century and total 3,602 square metres.
There are 29 rent-regulated residential units and one retail unit on the ground
floor. The transaction is done in partnership with local asset manager Crescendo
A/S.
"We are excited about this addition to our already strong residential portfolio
in Denmark. We see further potential in the Danish residential market especially
in centrally-located properties in areas like Aarhus. We are also happy to work
with our strong local partner Crescendo with whom we expect to complete similar
deals in the future," comments Torsten Bjerregaard, Managing Partner at CapMan
Real Estate.
"Frederiks Allé 75 has an excellent location near by the main train station and
Bruun's Gallery. In the future, we will continue to renovate and improve the
property. We are also very happy to co-operate with the international capital
fund CapMan Nordic Real Estate," says Bo Helligsoe, CEO at Crescendo A/S.
Bech-Bruun was the main law firm on the transaction and Danske Bank provided the
bank financing.
Frederiks Allé 75 is the CapMan Nordic Real Estate fund's 20(th) investment
overall and its 10(th) in Denmark. CapMan Nordic Real Estate fund has in the
past few years been building a residential portfolio comprising properties in
central cities in Denmark including Copenhagen and Frederiksberg. 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, Managing Partner, CapMan Real Estate, tel. +45 33 43 63 70
Bo Helligsoe, CEO, Crescendo A/S, tel +45 87 33 44 81
CapMan
www.capman.fi
twitter.com/CapManPE
CapMan is a leading Nordic investment and specialised asset management company.
As one of the Nordic private equity pioneers we have actively developed hundreds
of companies and real estate and thereby created substantial value in these
businesses and assets over the last 25 years. CapMan has today 100 private
equity professionals and manages ?2.8 billion in assets. We mainly manage the
assets of our customers, the investors, but also make direct investments from
our own balance sheet in areas without an active fund. Our objective is to
provide attractive returns and innovative solutions to investors and value
adding services to professional investment partnerships, growth-oriented
companies and tenants. Our current investment strategies cover Buyout, Growth
Equity, Real Estate, Russia, Credit, Infrastructure and Tactical Opportunities.
We also have a growing service business that currently includes fundraising
advisory, procurement activities and fund management.
Crescendo A/S
www.crescendo.dk
Crescendo is an investment company located in Denmark. Crescendo have
identified, acquired and managed investments in real estate and renewable energy
in Denmark and Northern Europe for more than 15 years. Crescendo has today 60
real estate and 7renewable energy professionals and manages ?0.5 billion in
assets.
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: 26.06.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 549694
Anzahl Zeichen: 4331
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan Nordic Real Estate acquires a residential property in central Aarhus"
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CapMan Oyj (Nachricht senden)
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