Press release - 3 July 2007
CapMan buys shopping centre Skanssi in Turku
CapMan RE II fund managed by CapMan has signed an agreement to acquire ownership of Skanssin Kauppakeskus Oy, a shopping centre, from the Hartela Group. Once it is completed in April 2009, Skanssi will attract some 4.5 million visitors annually. Nearly 100 specialty stores are planned for the centre.
CapMan RE II fund is buying Skanssin Kauppakeskus Oy from the Hartela Group. Hartela will continue to construct the property and to participate in developing it. The Skanssi district is situated four kilometres east of Turku city centre, next to the E18 highway to Helsinki. The multi-storey retail centre will have a leasable area of roughly 37,000 m² on two floors. Skanssi is similar in terms of size to the Kamppi Center in downtown Helsinki.
”Skanssi will both broaden and supplement the commercial services available in Turku while also offering visitors a pleasant shopping destination of high quality. Its proximity to the E18 highway combined with the 2,200 free parking spaces being constructed makes Skanssi easily accessible,” says CapMan’s Commercial Director Henrik Winberg. ”Leasing has got off to a good start. For instance, we’ve made a leasing agreement with Ruokakesko to locate a Citymarket hypermarket in Skanssi.”
The CapMan RE II fund invests in property development targets throughout Finland, with a strong focus on commercial properties and logistics projects. The fund’s assets include among others Tokmanni’s logistics centre project in Mäntsälä. CapMan’s subsidiary, Realprojekti Oy, has broad-based experience in shopping centre projects.
For further information, please contact:
Markku Hietala, Head of CapMan Real Estate, Managing Director of Realprojekti Oy, Senior Partner, tel. +358 500 405 879
Henrik Winberg, Commercial Director, CapMan Real Estate, tel. +358 9 6185 7709 or +358 500 449 664
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