CapMan acquires city-centre property in Helsinki

CapMan Press release 23 December 2009 at 11.05 a.m

CapMan acquires city-centre property in Helsinki

The CapMan Hotels RE Ky Fund has signed an agreement to acquire the Vanhajämerä real estate company with a property located in central Helsinki from Sponda Plc.

The Vanhajämerä property, with 5,185 m² of lettable space is located on the corner of Albertinkatu and Lönnrotinkatu in central Helsinki and the plan is to develop it into a hotel. The transaction is expected to be finalized by the end of January 2010.

CapMan manages three real estate funds, of which CapMan Real Estate I invests in commercial properties in Greater Helsinki, CapMan RE II in commercial properties and property development opportunities across Finland, and CapMan Hotels RE in hotel properties in the Nordic countries.

For further information, please contact:
Jukka Iivari, Chairman of the Board, CapMan Real Estate Oy, tel. + 358 400 405 956

Pirjo Ojanperä, Head of the Real Estate Hotel Fund, tel. +358 50 388 3306


CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.5 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 approx. 150 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.

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