The truly Nordic property investor

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

Our portfolio

We acquire, improve, and develop flexible real estate in major Nordic cities, with a clear focus on developing their environmental and social aspects, recognising our responsibility to create a positive impact on communities.

Case studies

Strong team across the Nordics

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

€ billion in real estate under management
+4.0
€ billion in real estate under management Focus →
About our focus
real estate professionals
+60
real estate professionals Meet our people →
Meet our people
investments
+200
investments Our portfolio →
See select case studies
rating from PRI
☆☆☆☆
rating from PRI Sustainability →
Read more about our sustainability approach

ABOUT US

CapMan Real Estate is a Nordic property investor. We acquire, improve, and develop flexible real estate in major Nordic cities, with a clear focus on developing their environmental and social aspects, recognising our responsibility to create 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.

Value-add Strategies

We invest in transitional properties in the most liquid Nordic markets.

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.

Income Strategies

We invest in income-focused real estate in the Nordic countries.

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.

Select case studies

See all

All Funds

Fund Year Raised Status
CapMan Residential Fund 2021 €803m 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

We partner with

Sustainability

Our professionals across the Nordics

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

Latest

Ilkka Tomperi returns to CapMan as COO for CapMan Real Estate

Ilkka Tomperi returns to CapMan as COO for CapMan Real Estate

Real Estate

Oct 31, 2022
CapMan Real Estate Residential Fund receives three stars in GRESB rating

CapMan Real Estate Residential Fund receives three stars in GRESB rating

Real Estate / Sustainability

Oct 21, 2022
CapMan Real Estate invests in its first EU Taxonomy aligned project by developing two residential apartment buildings in Turku, Finland

CapMan Real Estate invests in its first EU Taxonomy aligned project by developing two residential apartment…

Real Estate

Sep 26, 2022
CapMan sells iconic building in the Carlsberg District

CapMan sells iconic building in the Carlsberg District

Real Estate

Aug 08, 2022
More updates