CapMan Hotels RE Ky's acquisition of 39 hotel properties finalised

CapMan Plc Stock Exchange Release 29 February 2008 5.30 p.m.

CapMan Hotels RE Ky's acquisition of 39 hotel properties finalised
The transaction, in which CapMan Hotels RE Ky fund managed by CapMan acquired a 39-hotel portfolio for approximately EUR 800 million from Northern European Properties Ltd (NEPR), has been closed today. Measured by value, the transaction is one of the largest real estate transactions ever executed in Finland.
CapMan announced the establishment of a new private equity real estate fund with focus on hotel properties on 18 January 2008. CapMan Hotels RE Ky's fund size at establishment was EUR 835 million and it can increase at maximum to EUR 1.1 billion. The fund's acquisition of 39 hotel properties was announced simultaneously with its establishment.
For more information, please contact:
Markku Hietala, Head of CapMan Real Estate, Senior Partner, tel. +358 500 405 879
Mari Reponen
Communications Director
Investor Services
Helsinki Stock Exchange
Principal media
CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3.9 billion in total capital. CapMan has four investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs 110 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.
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