CapMan Residential Fund makes its first Swedish investment through its acquisition of a forward funding project in Örebro

June 10, 2022

CapMan Real Estate press release
June 10 2022 at 09:45 EEST

CapMan Residential Fund makes its first Swedish investment through its acquisition of a forward funding project in Örebro

CapMan Residential Fund makes its first Swedish investment through its acquisition of a forward funding project in Örebro

CapMan Residential Fund acquires the forward funding project from the Swedish developer Serneke at a price of SEK 314 million. The project includes 139 apartments scheduled for completion in Q4-2024. The project, situated in the new urban area Tamarinden, is located 2 km to the south of central Örebro, Sweden’s sixth largest city.

The project has high sustainability ambitions and a clear green profile which includes onsite solar collector systems and rainwater collection areas for re-cycling rainwater within the local green areas. The project will pursue Miljöbyggnad green building certification at Silver level.

“This first acquisition in Sweden fits very well with the fund’s investment criteria to invest in modern sustainable residential properties located in major Nordic cities. Through this investment in space efficient, high-quality apartments, we continue on our path to develop a diversified Nordic core residential rental portfolio with stable risk-adjusted returns for our investors,” says Mikael Hjorth, Partner and Fund Director for CapMan Residential Fund.

CapMan Real Estate currently manages approximately EUR 4.0 billion in real estate assets. The Real Estate Team comprises over 60 real estate professionals in Helsinki, Stockholm, Copenhagen, Oslo and London.

The Örebro investment is the 4th acquisition for the CapMan Residential Fund, a core fund launched in June 2021, targeting €1.0 billion of equity during 2023.

For more information, please contact:

Mikael Hjorth, Partner and Fund Director, CapMan Residential Fund, tel: +44 7741 873 663

Magnus Berglund, Partner and Head of CapMan Real Estate Sweden, tel: +46 70 786 68 08

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. With over €4.7 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We have been listed on the Nasdaq Helsinki since 2001. Read more at www.capman.com