The truly Nordic property investor

CapMan Real Estate is a Nordic property investor with offices in Helsinki, Stockholm, Oslo, Copenhagen, and London.

Our aim is to generate attractive returns for investors by utilizing local knowledge, industry expertise, and implementing clear and coherent business plans to enhance each property investment.

Our Focus

Our portfolio

We acquire, improve, and develop flexible and sustainable real estate in major Nordic cities recognising our responsibility for environmental stewardship, which has a positive impact on communities.

Case studies

Strong team across the Nordics

Our entrepreneurial local real estate professionals are well-established and resourced, with a long-term track record of sourcing and managing investments in our target markets.

Meet our people

CapMan Real Estate in figures

+4.0

€ billion in real estate under management Focus →

About our focus

+60

real estate professionals Meet our people →

Meet our people

+200

investments Our portfolio →

See select case studies

A+

rating from PRI Sustainability →

ABOUT US

CapMan Real Estate is a Nordic property investor. We acquire, improve, and develop flexible and sustainable real estate in major Nordic cities recognising our responsibility for environmental stewardship, which has a positive impact on communities.

Our investor base comprises some of the largest global institutional investors and investment management companies who consistently support our ability to deliver strong investment returns through market cycles and across the risk spectrum of our funds.

We execute both value-add and income-focused investment strategies across all major property sectors in Sweden, Finland, Denmark, and Norway.

With our value-add funds, we seek to acquire transitional properties in the most liquid Nordic markets where an asset can be significantly improved by active asset management such as redevelopment, change of use, or repositioning. In a typical value-add investment, the untapped potential of a well-located, but under-managed property is captured by bringing the building up to modern standard while simultaneously leasing to high quality tenants on a long-term basis. Most of our value-add investments are sourced off-market through our local network. On completion of the business plan, the re-positioned asset is typically sold via a competitive process to an international or local core buyer.

Our Focus

CapMan Nordic Real Estate III FCP-RAIF (2020). A €564 million closed-end fund that invests in commercial and residential properties across the Nordics. Current status: actively investing. Institutional investors only.

CapMan Nordic Real Estate II FCP-RAIF (2017). A €425 million closed-end fund which is fully invested in commercial and residential properties across the Nordics. Current status: partially exited with ongoing asset management. Institutional investors only.

CapMan Nordic Real Estate FCP-SIF (2013). A €273 million closed-end fund which is fully invested in commercial and residential properties across the Nordics. Current status: substantially exited. Institutional investors only.

OUR MISSION

Our aim is to generate attractive returns for investors by utilizing local knowledge and industry expertise to enhance each property investment.

With our income-focused funds and mandates, we seek well-located, high quality investments that generate attractive risk-adjusted returns in the long term. The income-profile of our Core and Core+ assets is continuously improved by active asset and lease management. Assets are well-maintained and further developed by diligently following long-term investment programs designed for each property.

Our Focus

CapMan Residential Fund (2021). An-open-ended structure that invests in residential properties across the Nordics. For institutional investors only.

CapMan Hotels Fund II (2019). A semi-open-ended / evergreen structure that invests in hotel properties across the Nordics. For institutional investors only.

CapMan Nordic Property Income (2017). An open-ended Special Investment Fund, which invests in properties providing stable and predictable cash flow in Nordic growth cities with consistently high liquidity. The fund has a minimum subscription amount of €5,000 and is open for new subscriptions every quarter.

BVK-CapMan Nordic Residential Mandate (2016). A segregated investment mandate with Bayerische Versorgungskammer (BVK) targeting core residential assets in the Nordic countries.

Heron City – a green transition set in the busiest retail area of the Nordics

Renewable and efficient energy use in Eskilstuna

City Pearls Portfolio

Red Warehouse

Lille Grensen 5

See all

Fund	Year	Raised	Status
CapMan Residential Fund	2021	€300m	Actively investing
CapMan Nordic Real Estate III	2020	€564m	Actively investing
CapMan Hotels II	2019	€392m	Actively investing
CapMan Nordic Property Income Fund	2017	€119m (non-UCITS)	Actively investing
CapMan Nordic Real Estate II	2017	€425m	Value creation & exit
BVK-CapMan Nordic Residential Mandate	2016	Undisclosed	Actively investing
Kokoelmakeskus	2016	€47m	Value creation & exit
CapMan Nordic Real Estate I	2013	€273m	Generating carried interest

Sustainability

Mika Matikainen

Managing Partner

Management Group
Real Estate

Magnus Berglund

Partner, Head of CapMan Real Estate Norway and Sweden

Real Estate

Juhani Erke

Partner, Head of CapMan Real Estate Finland

Real Estate

Peter Gill

Partner, Head of CapMan Real Estate Denmark

Real Estate

Meet the full team

CapMan sells iconic building in the Carlsberg District

CapMan Real Estate acquires airside logistics and last mile asset at Turku Airport

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

CapMan Real Estate acquires a portfolio of four office properties located in midtown Helsinki

CapMan Real Estate leases unique office space to Boston Consulting Group in Copenhagen

More updates

Cookie	Duration	Description
_GRECAPTCHA	5 months 27 days	This cookie is set by Google. In addition to certain standard Google cookies, reCAPTCHA sets a necessary cookie (_GRECAPTCHA) when executed for the purpose of providing its risk analysis.
ASP.NET_SessionId	session	This cookie is used in sites developed with Microsoft.Net. When a user start browsing a unique session ID is created, which keeps track of all the information regarding that session.This information is stored in the web server and it is identified via a GUID.The GUID is essential for any ASP.NET site to function properly.
AWSALBCORS	7 days	This cookie is used for load balancing services provded by Amazon inorder to optimize the user experience. Amazon has updated the ALB and CLB so that customers can continue to use the CORS request with stickness.
AWSALBTG	7 days	This cookie is associated with Amazon Web Services Elastic Load Balancing functionality. It is used to honor sticky sessions and enable target group stickiness. When the load balancer first routes a request to a weighted target group, the cookie is generated and included in subsequent requests to the load balancer. It is used to route requests to the target group specified in the cookie.
AWSALBTGCORS	7 days	The AWSALBTGCORS cookie is used with CORS (cross-origin resource sharing) requests that require the SameSite attribute to enable stickiness. It includes all the same information as the AWSALBTG cookie, plus the set SameSite attribute.
AWSELB		This cookie is associated with Amazon Web Services and is used for managing sticky sessions across production servers.
cookielawinfo-checkbox-advertisement	1 year	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
pll_language	1 year	This cookie is set by Polylang plugin for WordPress powered websites. The cookie stores the language code of the last browsed page.
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Cookie	Duration	Description
debt-investors-disclaimer	past	No description
lang		This cookie is used to store the language preferences of a user to serve up content in that stored language the next time user visit the website.

Cookie	Duration	Description
_gat_UA-2928709-1	1 minute	This is a pattern type cookie set by Google Analytics, where the pattern element on the name contains the unique identity number of the account or website it relates to. It appears to be a variation of the _gat cookie which is used to limit the amount of data recorded by Google on high traffic volume websites.
AWSALB	7 days	AWSALB is a cookie generated by the Application load balancer in the Amazon Web Services. It works slightly different from AWSELB.
AWSELBCORS	session	This cookie is used for load balancing, inorder to optimize the service. It also stores the information regarding which server cluster is serving the visitor.
yt-remote-connected-devices	never	Used by YouTube to enable tracking based on geographical GPS location, estimate bandwidth, keep viewing statistics, and monitor user preferences when viewing an embedded YouTube video. These cookies don't gather information that identifies a user.
yt-remote-device-id	never	Used by YouTube to enable tracking based on geographical GPS location, estimate bandwidth, keep viewing statistics, and monitor user preferences when viewing an embedded YouTube video. These cookies don't gather information that identifies a user.

Cookie	Duration	Description
_ga	2 years	This cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gid	1 day	This cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.

Cookie	Duration	Description
IDE	1 year 24 days	Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
test_cookie	15 minutes	This cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE	5 months 27 days	This cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
YSC	session	This cookies is set by Youtube and is used to track the views of embedded videos.

The truly Nordic property investor

Our portfolio

Strong team across the Nordics

ABOUT US

Value-Add Strategies

Active Value-Add Funds

OUR MISSION

Income-Driven Strategies (Core & Core+)

Active Income Funds & Mandates

Heron City – a green transition set in the busiest retail area of the Nordics

Renewable and efficient energy use in Eskilstuna

City Pearls Portfolio

Red Warehouse

Lille Grensen 5

Mika Matikainen

Magnus Berglund

Juhani Erke

Peter Gill

CapMan sells iconic building in the Carlsberg District

CapMan Real Estate acquires airside logistics and last mile asset at Turku Airport

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

CapMan Real Estate acquires a portfolio of four office properties located in midtown Helsinki

CapMan Real Estate leases unique office space to Boston Consulting Group in Copenhagen