”The logistics centre, when completed, will markedly improve the operations of the Tokmanni Group. The construction of the centre is a part of a large-scale integration process, in which we are aligning Tokmanni’s operations as a result of several acquisitions in the Group. The logistics centre project has been under consideration since May 2006 and after wide competition CapMan’s second private equity real estate fund joined the project early this year,” says Kyösti Kakkonen, Managing Director of Tokmanni.
The logistics centre will be constructed close to the Helsinki-Lahti Motorway in Mäntsälä, and the project will be completed in autumn 2008. The administrative and logistics operations of the entire Tokmanni Group will be placed at the centre, and the centre will employ some 250 persons in its first phase.
CapMan RE II fund reached its maximum investment capacity of EUR 600 million at the start of April. Fourteen Finnish institutions have participated to the fund. CapMan RE II has investment focus on property development targets, including property zoning development, construction of new projects and functional development of properties.
Tokmanni Group has been a portfolio company of CapMan Buyout since 2004. The investment by CapMan RE II private equity real estate fund in Tokmanni’s logistics centre project was announced in February 2007.
For further information, please contact:
Markku Hietala, Head of CapMan Real Estate, Managing Director of Realprojekti Oy, Senior Partner, tel. +358 500 405 879
Kyösti Kakkonen, Managing Director, Tokmanni Group, tel. +358 20 728 6022