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Home › Media › Releases 2007 › CapMan acquires two commercial properties in Hämeenlinna and invests in logistics centre project in Mäntsälä

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Press release - 15 February 2007

CapMan acquires two commercial properties in Hämeenlinna and invests in logistics centre project in Mäntsälä

The CapMan RE II private equity real estate fund managed by CapMan has acquired the properties located at Kasarmikatu 4 and Parolantie 104 in Hämeenlinna from Aina Group. In addition the fund has signed an agreement with Tokmanni Oy on the acquisition of a logistics centre to be built in Mäntsälä. The acquired properties and logistics centre project are the first portfolio assets of the CapMan RE II fund, which was established in September 2006.

Kasarmikatu 4 is located in the centre of Hämeenlinna. The property was built in 1965 and its extensions were completed in 1990. The property has a lettable space of approx. 3,500 m².

Parolantie 104 is an office, industrial and warehouse complex that was built in 1979. The lettable space of the buildings totals approx. 11,000 m². In connection with the transaction CapMan RE II fund and Aina Group have entered into a long-term lease from the property.

Tokmanni’s logistics centre will be constructed in Mäntsälä close to the Helsinki-Lahti Motorway, and the project will be completed in autumn 2008. The centre will have a lettable space of approx. 74,400 m², for which a long-term lease has been signed with Tokmanni.

”The investment decision to acquire the Hämeenlinna properties from Aina Group was influenced by the locations, good condition and long leases of the properties,” states Markku Hietala, Head of CapMan Real Estate. ”Our Real Estate team has strong experience in similar projects to the logistics centre under construction in Mäntsälä. The new CapMan RE II fund has expanded our investment focus and we are also actively investigating other potential investment targets outside of the greater Helsinki area,” continues Mr Hietala.

CapMan established its second private equity real estate fund CapMan RE II in September 2006. The fund has investment focus on property development targets in Finland, including property zoning development, construction of new projects and functional development of properties. The portfolio is diversified by asset size, location and sector. On 1 February 2007 the fund’s investment capacity increased to approx. EUR 550 million. The investment capacity of CapMan RE II and CapMan Real Estate I fund, which invest in commercial properties in Helsinki metropolitan area, totals approx. EUR 750 million.

For further information, please contact:

Markku Hietala, Head of CapMan Real Estate, tel. +358 9 6155 8724 or +358 400 405 956

Jaakko Nevanlinna, CEO, Aina Group Plc, tel. +358 400 445 355

Kyösti Kakkonen, Managing Director, Tokmanni Oy, tel. +358 50 65 222

CapMan
CapMan is one of the leading private equity investors in the Nordic countries and manages Nordic buyout, mezzanine, technology, life science and real estate funds with approximately EUR 2.8 billion in total capital. Each investment area has a dedicated team and altogether CapMan employs around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. Established in 1989, CapMan has strong experience as a fund manager and as a partner for investors and entrepreneurs. To date CapMan has made over 150 Nordic investments and over 90 exits. The current portfolio encompasses over 60 companies with an aggregate turnover of approx. EUR 2.7 billion and aggregate personnel of 17,000 people. The latest investments are made in Finnish John Nurminen Vehicle Logistics, Danish ScanJour A/S, Swedish QuickCool AB and Norwegian InfoCare ASA. In addition, CapMan has invested in 23 commercial properties in the Helsinki metropolitan area and exited from 22. The B shares of CapMan Plc are listed on the Main List of the Helsinki Stock Exchange since 2001. www.capman.com

Aina Group Plc
Aina Group Plc, headquartered in Hämeenlinna Finland, is a provider of consumer and business communications with operations in two business areas: media and ICT. Group turnover is nearly EUR 100 million and the number of employees is almost 700. The parent company of the Group is Aina Group Plc and the major subsidiaries are Hämeen Sanomat Oy and AinaCom Oy with their subsidiaries. www.ainagroup.fi

Tokmanni Group
Tokmanni Group, headquartered in Joensuu, is Finland’s largest non-food discount store chain in terms of turnover, retail network and number of personnel. The Group’s business idea is quality at a reasonable price, meaning that its products should have added value in addition to the most inexpensive prices in the country. A considerable proportion of the product range includes well-known Finnish brands such as Arabia, Finnwear, Iittala, Hackman, Fiskars, Nanso and Finlayson as proof of quality. The Group has 117 stores nationwide, of which there are 36 Tokmanni stores, 34 Vapaa Valinta stores, 25 Tarjoustalo stores, 12 Robinhood stores, eight Maxi-Makasiini stores and 2 Maxi-Kodintukku stores in all. Tokmanni Group’s pro forma turnover in 2006 totals close to EUR 530 million and it employs more than 2,300 persons. www.tokmanni.fi

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