CapMan Nordic Real Estate II fund has acquired a former light industrial property in the Carlsberg Redevelopment District to be converted into modern office space.
The 19thcentury property was originally built as a warehouse used by Carlsberg. The redevelopment is expected to be completed in 2020 and will include approx. 6,000 sqm modern office space and a 400 sqm roof terrace.
“This was a rare opportunity to acquire a development property in one of the most attractive development areas in Copenhagen. We are very excited to work together with Carlsberg City District and REVCO Asset Management to develop the building into high quality and flexible office space. REVCO has significant prior experience from completing similar redevelopment projects in Copenhagen,” comments Peter Gill, Investment Director at CapMan Real Estate.
“We are very pleased with this deal and we’re looking forward to the cooperation with CapMan Real Estate and REVCO in transforming this historic building into modern purpose. As with most industrial buildings it requires creativity to transform these buildings into useful, modern buildings and I’m very impressed by the ideas for this particular project,” adds Jens Nyhus, CEO of the Carlsberg City District.
The investment is the tenth investment of the CapMan Nordic Real Estate II fund established in 2017. CapMan Real Estate’s team includes over 30 real estate professionals in Helsinki, Stockholm and Copenhagen. CapMan Real Estate was established in 2005 and has over €1.9 billion of assets under management deploying four different investment strategies.
For more information, please contact:
Peter Gill, Investment Director, CapMan Real Estate, tel. +45 20 43 55 63
Torsten Bjerregaard, Managing Partner – Denmark, CapMan Real Estate, tel. +44 7715 772 554
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value-creation in its target companies and assets. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate and created substantial value in these businesses and assets over the last 30 years. CapMan employs today approximately 120 private equity professionals and has approximately €3 billion in assets under management. We mainly manage the assets of our customers, the investors, but also make investments from our own balance sheet. Our objective is to provide attractive returns and innovative solutions to investors. Our current investment strategies cover Buyout, Growth, Real Estate, Infra, Credit and Russia. We also have a growing service business that currently includes procurement services (CaPS), fundraising advisory (Scala Fund Advisory), and fund management services. www.capman.com
