CapMan Nordic Real Estate II acquires commercial property in Stockholm

CapMan Real Estate press release 1 December 2017 at 4.00 p.m. EET

CapMan Nordic Real Estate II acquires commercial property in Stockholm

CapMan Nordic Real Estate II fund has acquired Lybeck 2, an office property located in Södra Värtan from Oscar Properties

Lybeck 2 is approximately a 30,000 sqm office building located on Tegeluddsvägen in Södra Värtan, which is a part of Norra Djurgårdsstaden, one of the largest development areas in Stockholm. Adjacent properties Ladugårdsgärdet 1:51 and Lybeck 3 are also included in the purchase. The properties are well located close to Gärdet subway station, only two stops from central Stockholm.

"We are very excited about the purchase of these properties, which are extremely well located in a rapidly developing part of Stockholm. We look forward to working with them and to creating high quality office space as part of our business plan," comments Anna Reuterskiöld, Investment Director at CapMan Real Estate.

The acquisition of Lybeck 2, Lybeck 3 and Ladugårdsgärdet 1:51 is CapMan Nordic Real Estate II's first acquisition following closing of the EUR 425 million fund raising in August this year. The focus of the fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities.

CapMan Real Estate has a team consisting of over 30 real estate professionals in Helsinki, Stockholm and Copenhagen. CapMan Real Estate was established in 2005 and it currently has over EUR 1.7 billion of assets under management.

For further information, please contact:
Anna Reuterskiöld, Investment Director, CapMan Real Estate, tel. +46 73 154 2231

CapMan
www.capman.com
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 28 years. CapMan has today 110 private equity professionals and manages €2.7 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 and Infrastructure. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.

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