CapMan Real Estate press release
10 May 2019 at 9:00 a.m. EEST
Strong first-year returns for CapMan Nordic Property Income Fund (non-UCITS) – acquires an office and light industrial property in Gothenburg
CapMan Nordic Property Income Fund (non-UCITS) (“CMNPI”) delivered strong returns of ca. 13%* in 2018. The fund’s sixth and latest investment is Kryddpepparn, an office and light industrial building in Gothenburg through a sale and leaseback transaction.
“The performance has been stellar for the fund’s first year of operations – in 2018, CMNPI total return was ca. 13%*. We have a strong local presence in the Nordics and are continuously seeking new investment opportunities in line with the fund’s open-ended income-focused strategy. We are looking to add new investors to the fund for example from the Nordic region,” says Sampsa Apajalahti, Investment Director at CapMan Real Estate.
In March 2019 CMNPI closed it´s latest acquisition, Kryddpepparn 1. The 8,000 sqm office and light industrial building is located in Mölndal, 10 km south of central Gothenburg. The property was acquired from Billes through a sale and lease back transaction.
“We are very exited about the purchase of this property in one of the strongest submarkets of Gothenburg. Mölndal is a very well-established commercial area and is going through strong growth. This property is an excellent addition to our well-diversified portfolio in the Nordics”, comments Anna Reuterskiöld, Deputy Head of CapMan Real Estate Sweden.
CMNPI is an open-ended investment fund (non-UCITS) which accepts new subscriptions on a quarterly basis. The Fund focuses on stable income generating properties in the largest and most liquid Nordic cities with solid long-term growth fundamentals. The fund is managed by CapMan AIFM Ltd, an alternative investment manager (AIFM) licensed and supervised by the Finnish Financial Supervisory Authority.
CapMan Real Estate Ltd is a Nordic real estate private equity fund investment advisory company operating from its offices in Helsinki, Stockholm, Copenhagen and London. The CapMan Real Estate team employs ca. 30 dedicated professionals in the field of investment, asset management and property management. CapMan’s real estate portfolio under management is ca. EUR 2.5 billion.
Sampsa Apajalahti, Investment Director, CapMan Real Estate, +358 40 575 2363
Anna Reuterskiöld, Deputy Head of CapMan Real Estate Sweden, +46 731 54 22 31
More information on CapMan Nordic Property Income Fund (non-UCITS) and its official information materials (KIIDs, Fund Rules and Regulatory Disclosures) :
CapMan is a leading Nordic private asset expert with an active approach to value creation. 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 assets and created substantial value in these businesses and assets over the past 30 years. With over €3 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg. www.capman.com
* Past performance is no guarantee for future returns. The value of the money invested in the fund can increase or decrease and there is no guarantee that all of your invested capital can be redeemed. Prior to making any investment decisions investors shall get acquainted with the relevant material concerning the fund as well as the risks associated with investing in the fund. The fund’s official information materials can be obtained from the website mentioned above.