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2007 has begun well for CapMan Real Estate. The sale of CapMan Real Estate I fund’s portfolio was closed in the beginning of the year and CapMan RE II fund held its final closing in April at EUR 600 million. In addition the Real Estate team has acquired five new assets in its portfolio.

CapMan’s real estate portfolio currently comprises of five real estate assets of which four investments are made by CapMan’s second real estate fund, CapMan RE II, established in September 2006. CapMan RE II fund complements the investment focus of CapMan’s earlier real estate fund that has focus on commercial properties in the Helsinki metropolitan area. In addition, the fund has expanded CapMan’s real estate operations to the whole of Finland.

The most significant investment made so far by CapMan RE II fund is Tokmanni Group’s logistics centre in Mäntsälä. In addition the fund has invested in two office premises in Hämeenlinna and in one real estate target in Tampere. CapMan Real Estate I fund has instead invested in an office property in Helsinki city centre since the year end. Kalevankatu 20 is the first property in the fund’s portfolio since the sale of its portfolio was finalised in January 2007.

With the remaining investment capacity of EUR 700 million in total in the two complementary funds and the 28 real estate professionals, the Real Estate team is in a good position in the Finnish Real estate market.

Read more on CapMan’s Real Estate activities…