CapMan Real Estate increases its ownership in shopping centre Willa

CapMan Press Release 13 June 2014 at 1:15 p.m. EEST

CapMan Real Estate increases its ownership in shopping centre Willa

CapMan RE II fund acquires the minority holding in KOy Ficre from Finesco Invest Oy, which manages the second phase of shopping centre Willa. Following the transaction, the ownership of the second phase of Willa is transferred entirely to CapMan RE II fund.

Shopping centre Willa is situated in downtown Hyvinkää and it opened its doors to the public in 2012. The shopping centre comprises of two phases, of which the first one is constructed and owned by Varma Mutual Employment Pension Insurance Company and the second by KOy Ficre. The second phase has approx. 17,000 m2 of lettable space and the main tenants include H&M, New Yorker and Stadium, amongst others.

In 2007, CapMan RE II fund and Finesco Invest Oy started their cooperation for the development of a shopping centre with a pleasant shopping environment and a wide range of services in the Hyvinkää town centre. The first phase of Willa was inaugurated in spring 2012 and the second phase in the autumn of the same year.

For further information, please contact:

Kalle Myllymäki, Fund Manager, Partner, CapMan Real Estate, tel. +358 50 356 6940

Kari Järvenpää, CEO, Finesco Invest Oy, tel. +358 400 490 922

CapMan Real Estate www.capman.com

CapMan Real Estate manages five real estate funds: the CapMan Nordic Real Estate fund, which is in active investment phase and investing in office, retail and residential properties located in the Nordic countries, the CapMan Real Estate I fund, which is focused on commercial properties in Greater Helsinki, the CapMan RE II fund, which is focused on commercial and development projects around Finland, the CapMan Hotels RE fund, which owns hotel properties, primarily in Finland and a project-specific hotel property fund, CapMan Yrjönkatu 17 Ky, which owns a hotel in central Helsinki. The team comprises over 25 people based in Helsinki, Stockholm and London.

CapMan Real Estate is part of CapMan Group, a leading private equity firm in the Nordic countries and Russia, with assets under management of €3.1 billion. CapMan has five key investment partnerships - CapMan Buyout, CapMan Russia, CapMan Credit, CapMan Public Market and CapMan Real Estate - each of which has its own dedicated investment team and funds. Altogether, CapMan employs approx. 100 people in its offices in Helsinki, Stockholm, Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.

Shopping Centre Willa www.kauppakeskuswilla.fi

Willa is a modern shopping centre of fashion and speciality retail, complemented with a diverse selection of restaurants. Shopping centre Willa is situated in downtown Hyvinkää and it opened its doors to the public in 2012. Willa has 120 stores and it is the sixth largest shopping centre in Finland.

Finesco Invest Oy

Finesco Invest Oy is a family-owned business that specialises in property development, leasing, and management consulting.

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