CapMan Real Estate exits the Skanssi shopping centre in Turku

CapMan Real Estate exits the Skanssi shopping centre in Turku

CapMan Real Estate Press release 10 May 2017 at 3.15 p.m. EEST

CapMan Real Estate exits the Skanssi shopping centre in Turku

CapMan RE II -fund has sold the Skanssi shopping centre in Turku to a fund managed by CBRE Global Investors.

"We have been involved in Skanssi since its development, and it has been pleasure to see how the shopping centre and its neighbouring area have evolved. The shopping centre has played a key role in the attractiveness and design of Skanssi district. Several retail stores have moved to the area and residential construction is proceeding quickly. We are particularly proud of the ecological activity of Skanssi. The shopping centre favours green values and actions, including the use of solar power, efficient recycling and an active carbon footprint reduction. In January, Skanssi earned the LEED Platinum rating, the highest available LEED rating, and is as such the first shopping centre in Europe with both a LEED Platinum rating and LEED certification from the construction phase. We are very pleased that we have found a professional new owner for Skanssi, who will continue developing the shopping centre from these good premises," comments Kalle Myllymäki, Partner at CapMan Real Estate.

Skanssi shopping centre is located five kilometres from Turku downtown, by the busy Turku-Helsinki freeway. The shopping centre contains a wide range of stores specializing in fashion, home décor and leisure, as well as several services, including citizen service, restaurants, a bank and a hypermarket. Skanssi has a lettable area of 37,230 m² of which 33,700 m² is retail space, 130 m² is office space and 3,400 m² is in other use. CapMan RE II -fund invested in Skanssi in 2007 when the property was still in the construction phase. Skanssi opened its doors to the public in April 2009.

For further information, please contact:
Kalle Myllymäki, Partner, CapMan Real Estate, tel. +358 20 720 7618

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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