CapMan Real Estate press release
16 August 2019 9.00 a.m. EEST
CapMan Real Estate invests in BREEAM certified office property in Leppävaara, Greater Helsinki
CapMan Nordic Real Estate II fund has acquired Polaris Castor, a business park office building in Leppävaara, Greater Helsinki.
Polaris Castor is a 6,000 sqm asset located in Leppävaara, one of the main office sub-markets in Greater Helsinki. The property is part of the Polaris Business Park and it is conveniently located by the Turunväylä motorway, 1.5km from the Leppävaara train station, 20 minutes from Helsinki-Vantaa airport and 25 minutes from the Helsinki CBD.
The acquired asset is a BREAAM certified property, and it is equipped with modern technology, services and has a good access to public transportation.
“We are excited about the purchase of this property. The location and excellent quality of the property provide a good starting point for us. We are looking forward to further develop and add value to the asset”, comments Juhani Erke, Partner at CapMan Real Estate.
Polaris Castor is the fourteenth acquisition of the €425 million Nordic Real Estate II fund raised in 2017. The focus of the fund is to invest mainly in office, retail and residential properties located in established submarkets of major Nordic cities.
CapMan Real Estate includes 30 dedicated professionals in the field of investment, asset management and property management. CapMan’s current real estate volume under management is over EUR 2.5 billion.
For further information, please contact:
Juhani Erke, Head of CapMan Real Estate Finland, tel. +358 50 549 5104
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.