Press release - 3 May 2006

CapMan’s private equity real estate fund acquires Kiinteistöosakeyhtiö Erottajankatu 15–17

CapMan’s private equity real estate fund CapMan Real Estate I has acquired the property Kiinteistöosakeyhtiö Erottajankatu 15–17 from Sitra, the Finnish National Fund for Research and Development. Kiinteistöosakeyhtiö Erottajankatu 15–17 will transfer wholly to the ownership of CapMan Real Estate I following the transaction. The parties in the transaction have agreed that the transaction price will not be published.

Kiinteistöosakeyhtiö Erottajankatu 15–17 is located at the corner of Erottajankatu and Ludviginkatu in the Kaartinkaupunki district of central Helsinki. The original part of the property was constructed as an apartment building in 1886. A one-storey extension was added on the Erottajankatu side of the building in 1920 and two more storeys were added in 1952. The leasable area of the property is approx. 3,800 square metres and includes office and retail space as well as residential apartments. The current occupancy rate of the property is high.  

”Erottajankatu 15–17 is the sixth low-risk core investment in the portfolio of CapMan Real Estate I Ky. The property is a good asset for our fund in terms of its prime location, visibility, size and return potential,” states Markku Hietala, Head of CapMan Real Estate.  

CapMan expanded its operations into private equity real estate funds in June 2005, when it established the EUR 500 million CapMan Real Estate I Ky Fund together with nine Finnish institutional investors. The fund has investment focus on commercial properties in the Helsinki metropolitan area. Kiinteistöosakeyhtiö Erottajankatu 15–17 is the 19th asset in CapMan’s real estate portfolio, and following the transaction more than half of the capital committed into the fund has been invested.    

For further information, please contact:
Markku Hietala, Head of CapMan Real Estate, tel. +358 500 405 879

For high-resolution picture, please contact Minna Lyijynen, minna.lyijynen@capman.com or tel. +358 9 6155 8384.

CapMan

CapMan is one of the leading private equity investors in the Nordic countries and specialises in middle market buyouts in various industry sectors, investments in expansion and later stage technology companies and investments in life science companies. In addition, CapMan manages private equity real estate funds. The CapMan team comprises around 100  people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan manages Nordic funds with approx. EUR 2.2 billion in total capital. To date, the funds managed by CapMan have invested in 142 companies in the Nordic countries and exited from 80 companies. The latest investments are made in Finnish Flander Ltd, Danish ScanJour A/S, Swedish MQ Sweden AB and Norwegian InfoCare ASA. The portfolio of CapMan’s first private equity real estate fund consists of 19 commercial properties in the Helsinki metropolitan area. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange. www.capman.com

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