CapMan Real Estate press release
15 August 2019 at 9.00 a.m. EEST
CapMan Nordic Property Income Fund (non-UCITS) acquires three modern office properties in Greater Helsinki.
CapMan Nordic Property Income Fund recently completed two separate transactions to form a high-quality modern office sub-portfolio.
The acquired assets together form an office portfolio of c. 14,500 sqm with over 5- year blended lease maturity where the rental income is derived from notable and credible tenants. Prior to the acquisitions the fund was successfully refinanced with long term multi-currency loan.
Two of the assets are recently built green certified multi-tenant properties located in Käpylä, Helsinki (Osmontie 38) and in Aviapolis, Vantaa (Plaza Business Park Halo). Third asset is a recently modernised office property located in Leppävaara Espoo (Quartetto Cello).
“We had an excellent opportunity to acquire three high-quality office properties. All assets are situated in well-established office submarkets with excellent connections to Helsinki city centre and to the Airport. The acquisitions benefit the overall portfolio in the fund further diversifying the type of use and the tenant base. These are great additions to our fund. The refinancing increases the efficiency of the capital employed and increases the investment rate significantly”, comments Sampsa Apajalahti, Investment Director at CapMan Real Estate.
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 more than 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
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.