CapMan acquires an office building in Helsinki

CapMan Press Release 19 May 2011 at 11.45 a.m. EET

CapMan acquires an office building in Helsinki

The CapMan RE II fund has acquired an office building at Elimäenkatu 15, together with the building's share of the Vallila Rock parking garage, in Helsinki from the Yrjö Jahnsson Foundation.

The building was built in1974 and it includes a total of around 13,500 m2 of lettable office space.

"The Vallila district of Helsinki looks set to see a lot of development in the future and has excellent traffic and transport connections. The flexible, modern space at Elimäenkatu 15 is ideal for both larger and smaller businesses. At the moment, the property is largely empty, which will enable us to begin development work rapidly," says CapMan Partner Kalle Myllymäki.

CapMan manages four real estate funds: the CapMan Real Estate I fund, which invests in commercial properties in Greater Helsinki, the CapMan RE II fund, which invest in commercial and development projects around Finland, the CapMan Hotels RE fund, which invest in hotel properties, primarily in Finland and CapMan's first project-specific hotel property fund, CapMan Yrjönkatu 17 Ky, which owns a hotel in central Helsinki.

Further information:
Kale Myllymäki, Partner, CapMan Real Estate, tel. +358 (0)50 356 6940
Elli Dahl, Managing Director, Yrjö Jahnsson Foundation, tel. +358 (0)9 68691010

CapMan is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of €3.4 billion. CapMan has four key investment partnerships - CapMan Buyout, CapMan Russia, CapMan Public Market, and CapMan Real Estate - each of which has its own dedicated investment team and funds. Altogether, CapMan employs approx. 140 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.

Yrjö Jahnsson Foundation
The purpose of the Yrjö Jahnsson Foundation is to promote Finnish research in economics and medicine, and to maintain and support Finnish educational and research facilities. To implement these goals the Foundation gives out grants for research and postgraduate studies. In the field of economics the Foundation is one of the most important sources of private research funding in Finland. The Foundation was established in 1954 by Mrs. Hilma Jahnsson, who provided the original capital by donating funds acquired with her husband Yrjö Jahnsson, a professor of economics.

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