Stock exchange release - 31 January 2007
The sale of CapMan Real Estate I fund’s portfolio closed
The transaction whereby CapMan Real Estate I fund sold 22 commercial properties for EUR 377.5 million to Samson Properties Ltd, The Royal Bank of Scotland (RBS) and Ajanta Oy, has been closed. The closure of the transaction transferred the fund to carry. The impact of the transaction on CapMan’s result for 2007, taking minority interest into consideration, is approx. EUR 13.5 million as a result of carried interest received from the fund.
CapMan published a stock exchange release on the transaction on 20 December 2006. The sale of CapMan Real Estate I’s portfolio is the largest single international real estate transaction that has ever been made in the Finnish real estate market. CapMan Real Estate I was established in June 2005 and it has a remaining investment capacity of approximately EUR 200 million. The fund’s investment focus is on commercial properties in the Helsinki metropolitan area. CapMan Real Estate I continues its active investment operations and acquired the office property located at Kalevankatu 20 in Helsinki at the beginning of January 2007.
For further information, please contact:
Markku Hietala, Head of CapMan Real Estate, tel. +358 500 405 879
Heikki Westerlund, CEO, CapMan Plc, tel. +358 9 6155 8304 or +358 50 559 6580
CAPMAN PLC
Jerome Bouix
Partner
Fundraising, IR & Communications
DISTRIBUTION
Helsinki Stock Exchange
Principal media
www.capman.com
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