CapMan Real Estate press release
20 December 2019 at 12.00 p.m. EET
CapMan Real Estate invests in second Polaris Business Park asset in Leppävaara, Greater Helsinki
CapMan Nordic Real Estate II fund acquires Polaris Capella, an office building in Leppävaara, Greater Helsinki. The acquisition is the fund’s second asset in Polaris Business Park following the acquisition of the Polaris Castor building earlier in 2019. The fund now owns two out of three office buildings in Polaris Business Park.
Polaris Capella is an approx. 6,000 sqm asset built in 2009 and 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.
“Polaris Capella is an excellent addition to the fund enabling us to create even more value in the entire Polaris Business Park,” comments Juhani Erke, Partner and Head of CapMan Real Estate Finland.
Polaris Capella is the seventeenth acquisition of the €425 million CapMan Nordic Real Estate II fund, which invests mainly in office, residential and retail properties located in established submarkets of major Nordic cities and selectively in real estate sectors supported by prevailing megatrends.
CapMan Real Estate’s Nordic organisation includes more than 40 committed real estate investment professionals. We manage over €2.5 billion in real estate investments.
For more information, please contact:
Juhani Erke, Partner, 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. 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. Visit www.capman.com for more information.