Press Release - 15 June 2009
CapMan Real Estate I fund acquires an office property located at Munkkiniemen puistotie 25 in Helsinki in Finland from IVG Polar Oy.
Munkkiniemen puistotie 25 is a seven-storey office building located in Munkkiniemi district in Helsinki. The building was built in 1973 and it has a lettable area of ca. 6,700 m². The building is currently nearly fully let to ten tenants including GoExcellent Helsinki Oy and Tuokko Auditing Ltd among others. The transaction is expected to be closed by end of June. The transaction is subject to the condition that the City of Helsinki does not exercise its statutory pre-emption right to the property.
CapMan manages three real estate funds, of which CapMan Real Estate I invests in commercial properties in the Helsinki metropolitan area, CapMan RE II in commercial properties and property development targets in Finland and CapMan Hotels RE in hotel properties in the Nordic countries.
For further information, please contact:
Jorma Lehtonen, Fund Director and Senior Partner, CapMan Real Estate, tel. +358500708222
CapMan is one of the leading alternative asset managers in the Nordic countries andRussia and manages private equity funds with approximately EUR 3.4 billion in total capital. CapMan has six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs over 140 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.