CapMan Real Estate acquires three office and mixed-use buildings in Stockholm

December 23, 2020

CapMan Real Estate press release          23 December 2020 at 8.30 a.m. EET

CapMan Real Estate acquires three office and mixed-use buildings in Stockholm

CapMan Nordic Real Estate III Fund has agreed to acquire a portfolio of three office and mixed-use buildings in Västberga, south of central Stockholm from Wäsö Fastigheter.

The portfolio consists of one office building and two mixed-use office and warehouse buildings. In total the portfolio comprises over 30,000 sqm of lettable space, out of which approximately 30% is currently vacant. CapMan plans to refurbish the properties to meet modern standards for commercial space and to substantially decrease the energy footprint of the portfolio.

Västberga is the most centrally located industrial area in Stockholm. The properties are situated next to the E4 motorway and close to public transport, providing effortless and fast access to central Stockholm.

“This portfolio is a great addition to our growing third value-add fund. Following our planned updates, the properties will provide a welcomed addition of high-quality office and warehouse space in the area. Upgrading the technical systems in the buildings will improve the energy efficiency, with reduced emissions and energy costs as a result, further increasing the attractiveness of the space for a wide variety of tenants,” says Anna Reuterskiöld, Partner and Head of CapMan Real Estate Sweden.

CapMan’s Real Estate team comprises over 40 real estate professionals in Helsinki, Stockholm, Copenhagen and Oslo. CapMan Real Estate currently manages a total of EUR 2.8 billion in real estate assets. The team was awarded UK & European Opportunistic Property Manager of the Year at the 2020 Professional Pensions Investment Awards.

CapMan Nordic Real Estate III Fund, the team’s third Nordic value-add fund, was established in September 2020 and has raised EUR 449 million to date with a target size of EUR 500 million. The acquisition will become the fund’s sixth transaction and the second in Sweden.

For further information, please contact:
Anna Reuterskiöld, Partner, Head of CapMan Real Estate Sweden, tel. +46 731 54 22 31

About CapMan

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, wealth management, and analysis, reporting and back office services. Altogether, CapMan employs around 150 people in Helsinki, Stockholm, Copenhagen, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at www.capman.com.