CapMan Nordic Property Income Fund (non-UCITS) makes its first investment by acquiring an apartment hotel in Leppävaara, Espoo

CapMan Real Estate press release 12 December 2017 at 10.00 a.m. EET

CapMan Nordic Property Income Fund (non-UCITS) makes its first investment by acquiring an apartment hotel in Leppävaara, Espoo

CapMan Nordic Property Income Fund (non-UCITS) ("CMNPI") has acquired apartment hotel in Leppävaara, Espoo from VVT Property Fund I Ky.

The modern, LEED Gold certified, 133-room apartment hotel is fully leased to Forenom Ltd on a long lease. The asset is the first investment of CMNPI fund in the Nordics. The seller of the transaction was VVT Property Fund I Ky.

"We are pleased with the first acquisition of the CMNPI fund in Finland. The acquired property generates stable and predictable cash flow, and it meets the key investment criteria of the fund including, but not limited to, its great location in a growing area, strong tenant, and highquality condition. We aim at similar investments possibly already during this year," says Sampsa Apajalahti, Investment Director and Fund Director of CapMan Nordic Property Income Fund.

"The fund raising of CMNPI fund has started well and the feedback from investors has been positive. We believe that the fund will accumulate over EUR 200 million of equity during the first two years of its operations," comments Mika Matikainen, Managing Partner in CapMan Real Estate.

CapMan Nordic Property Income Fund (non-UCITS) is an open-ended special investment fund which accepts new subscriptions on a quarterly basis. The Fund focuses on stable income generating properties in the largest and most liquid Nordic cities with solid long-term growth fundamentals. CMNPI fund targets mainly offices and necessity-driven retail assets. In addition, the fund will also invest in other real estate sectors providing stable and predictable income.

CapMan Real Estate has a team consisting of over 30 real estate professionals in Helsinki, Stockholm and Copenhagen. CapMan Real Estate was established in 2005 and it currently has over EUR 1.7 billion of assets under management.

For further information, please contact:
Sampsa Apajalahti, Investment Director, Fund Director, CapMan Real Estate, tel. +358 40 575 2363
Mika Matikainen, Managing Partner, CapMan Real Estate, tel. +358 40 519 0707

CapMan
www.capman.fi
twitter.com/CapManPE

CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 28 years. CapMan has today 110 private equity professionals and manages €2.7 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit and Infrastructure. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.

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