CapMan Nordic Real Estate fund exits several properties

January 4, 2022

CapMan Real Estate press release

4 January 2022 at 9:00 a.m. EET

CapMan Nordic Real Estate fund exits several properties

CapMan Nordic Real Estate Fund, a 2013-vintage value-add fund, has signed and closed several exits recently. The fund will start distributing carried interest once these exits are completed.

At the end of December, the fund exited Vesterbrogade 80, a 7,955 sqm mixed-use property in central Copenhagen originally acquired in 2015, to COPI. The building has been refurbished under CapMan’s ownership with conversion of the currently unused attic space into apartments expected to be finalised in Q1 2022.

At the end of October, the fund exited a portfolio of 12 centrally in Copenhagen located properties with 186 residential units and a total leasable area of 33,070 sqm after the completion of modernisation and conversion works as well as energy and water usage efficiency improvements.

In December the fund entered into a binding agreement to exit an additional property in Sweden, with the expectation to close the transaction in the coming months. Following the completion of this exit, the CapMan Nordic Real Estate Fund will start distributing carried interest.

“We are very pleased with the performance of our first value-add real estate fund and these latest transactions demonstrate the effectiveness of our approach. We have successfully executed a value-add strategy on well-situated residential properties in the Copenhagen area in order to bring the assets closer to a core yield profile. We thank our investors who have put their confidence in our team as we work to wrap up the fund,” comments Mika Matikainen, Managing Partner of CapMan Real Estate.

After these agreed exits, the fund has four assets remaining located in Denmark and Sweden. The team currently invests from its third value-add fund established in 2020.

For more information, please contact:

Mika Matikainen, Managing Partner, CapMan Real Estate, tel. +358 40 519 0707

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. With over 4 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 around 160 people in Helsinki, Stockholm, Copenhagen, Oslo, 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.  www.capman.com