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Home › Media › Releases 2007 › CapMan buys Entresse Shopping Centre in Espoo

Press release - 28 June 2007

CapMan buys Entresse Shopping Centre in Espoo

CapMan Real Estate I fund managed by CapMan has acquired the Entresse Shopping Centre to be constructed in Espoo centre from YIT Construction Ltd.

Entresse Shopping Centre is located in Espoo centre next to the central market square and railway station. Construction work will commence in June 2007 and the centre is scheduled for completion for winter season 2008. Entresse will have lettable retail space of ca. 9,500 m² on two floors as well as parking spaces for 300 cars on the ground floor. The Central Espoo Regional Library, Espoo City Archives and Espoo Registry Office will be located on the top floor of the shopping centre. The premises that will be leased to the City of Espoo are owned by RBS Nordisk Renting.

”The modern premises, easy access and wide range of shops at Entresse Shopping Centre will increase the attractiveness of Espoo centre when completed. The placing of Central Espoo Regional Library in the centre and the event square on its roof will complement the services of Entresse,” says Henrik Winberg, CapMan Real Estate’s Commercial Director.

The service supply of Entresse will comprise 35–40 specialty shops with a focus on free time, fashion, home furnishing and daily consumer goods and services. The nearby S-market supermarket operated by HOK-Elanto will be connected to Entresse by a shopping skywalk. In addition a pedestrian walkway will be built from the Espoo centre residential area to the shopping centre.

“Entresse Shopping Centre is at the heart of the urban centre and a prominent start to the redevelopment of the Espoo centre district. When completed, the centre will almost double the amount of retail premises and diversify the commercial services along the road Siltakatu,” states Juhani Ylhäinen, Director of YIT’s shopping centres in the Helsinki Metropolitan Area.

CapMan manages two private equity real estate funds, of which CapMan Real Estate I invests in commercial properties in the Helsinki Metropolitan Area and CapMan RE II fund in property development targets in Finland. CapMan’s subsidiary Realprojekti has strong experience in shopping centre management.

For further information, please contact:
Henrik Winberg, Commercial Director, CapMan Real Estate, tel. +358 9 6185 7709 or +358 500 449 664
Seppo Martikainen, Vice President, Transactions, YIT, tel. +358 20 433 2905

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 3.0 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 Movial Applications Oy, Danish IT2, Swedish Nacka Närsjukhus Proxima AB and Norwegian InfoCare ASA. In addition, CapMan has invested in almost 30 real estate assets 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

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