Invitation to CapMan Plc's Press Conference at 12.00 p.m.: CapMan establishes EUR 835 million hotel real estate investment fund
CapMan Plc has established a new private equity real estate fund, CapMan Hotels RE Ky, investing in hotel real estate. The fund has today acquired 39 hotels from Northern European Properties Limited for EUR 805 million. In addition CapMan Real Estate has today signed a letter of intent with Holiday Club Resorts Oy for the realisation of four spa hotel projects under consideration in the Nordic countries in the coming years. CapMan, L&R Nordic Properties AB and Holiday Club Resorts will hold a press conference regarding the transaction today on Friday, 18 January 2008 at 12.00 p.m. in CapMan's premises.
We invite the press and analysts to attend a press conference in CapMan's premises
Time Friday, 18 January 2008 at 12.00 p.m.
Address Korkeavuorenkatu 32, Helsinki
CEO of CapMan Plc Heikki Westerlund, Head of CapMan Real Estate Markku Hietala, Chairman of CapMan Real Estate Oy Jukka Iivari and on behalf of the seller L&R Nordic Properties AB Vesa Tengman will be present at the event. The press conference will be held in Finnish. Light lunch will be served in the conference. Presentation material for the press conference will be published in Finnish and English on CapMan's website at www.capman.com after the press conference has commenced.
For further information, please contact:
Markku Hietala, Head of CapMan Real Estate, tel. +358 500 405 879
Heikki Westerlund, CEO, CapMan Plc, tel. +358 50 559 6580
Tomi Bergman, Director, Hotels, CapMan Real Estate, tel. +358 40 5413 559
Vesa Tengman, L&R Nordic Properties AB, tel. +358500 421 515