CapMan Real Estate exits an office building in Vantaa Aviapolis

CapMan Real Estate Press release 2 May 2017 at 9.45 a.m. EEST

CapMan Real Estate exits an office building in Vantaa Aviapolis

CapMan Nordic Real Estate fund has sold Plaza Presto, a modern 6,000 square-metre office building in Vantaa Aviapolis near the Helsinki-Vantaa airport, to a real estate fund managed by eQ.

CapMan Nordic Real Estate fund invested in Plaza Presto in October 2014. Plaza Presto is part of Gate8 business campus and it was built in 2001.

"We are extremely pleased with this investment. During our ownership, we have completed our business plan by increasing the occupancy of the property to 94% and reducing maintenance costs. The timing for us to sell the property is excellent," comments Juhani Erke, Partner at CapMan Real Estate.

The focus of the €273 million CapMan Nordic Real Estate fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. The fund was established in 2013. KOy Plaza Presto is the eighth exit of the fund.

For further information, please contact:
Juhani Erke, Partner, CapMan Real Estate, tel. +358 50 549 5104

CapMan
www.capman.fi
twitter.com/CapManPE

CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 25 years. CapMan has today 100 private equity professionals and manages €2.8 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit, Infrastructure and Tactical Opportunities. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.

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