CapMan Real Estate press release 25 November 2019 at 1 p.m. EET
CapMan Real Estate acquires a retail and office property in Copenhagen’s city centre
CapMan Nordic Real Estate II Fund has acquired a retail and office property located at Købmagergade 42 in Copenhagen.
The property has a total leasable area of ca. 4,300 sqm and is located in one of the main pedestrian streets in Copenhagen. The property is within a short walking distance from Nørreport Station (500 meters) and Kgs Nytorv (600 meters).
“We are very pleased with the acquisition of this unique property. As per our value-add strategy, our plan is to upgrade the property into modern high-street retail and office space”, comments Peter Gill, Investment Director at CapMan Real Estate.
The property is the sixteenth 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 38 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:
Peter Gill, Investment Director, CapMan Real Estate, tel. +45 20 43 55 63
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. 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.