Focus

We invest to generate attractive returns for investors by utilising local knowledge and industry expertise to enhance each property investment.

 

Our investment themes

We focus the following types of assets:

CAPITAL CITIES – Capital cities and surrounding areas together with other largest growth cities in the Nordics

HIGH VISIBILITY – High visibility, good access both by public and private transport

ESTABLISHED LOCATIONS – Established office locations attractive to Class A corporate tenants and/or public sector occupiers

SUB-MARKETS – Sub-markets with limited new supply and positive take up, with rents increasing

UNDER-MANAGED PROPERTIES – Under-managed properties with high vacancy, passing rents below market and/or inflated operating costs

FLEXIBLE LAYOUTS – Buildings with flexible layouts; possibility to configure for efficient multi-tenant occupation

GROWTH FOCUS – Growth city focus with strong underlying economic and demographic fundamentals

MODERNISATION & MANAGEMENT NEEDS – Older, typically rent-controlled apartments in need of modernisation, under-managed assets

SELECTIVE NEW BUILD – Selective new build projects and conversion schemes with well-reputed local development partners

NO ZONING RISK – No zoning or construction risk

GOOD CONNECTIONS – Properties close to major traffic hubs providing connections to cities, ports, airports, and transportation corridors

ESTABLISHED MARKETS – Established logistics submarkets

MODERN SPECIFICATIONS – Modern building specifications (e.g. enabling cross-docking configuration and sufficient ceiling height to meet the demands of future logistics and e-commerce)

ATTRACTIVE TENANTS – Strong covenant tenants

OTHER – Existing properties, sale-and-leasebacks, and build to suit

MIS-MANAGED ASSETS – Mis-managed assets or distressed opportunities in the largest Nordic cities

NECESSITY-ANCHORED – Necessity-anchored with good proportion of leisure (incl. F&B)

VISIBILITY – High visibility and footfall

LOCATION – City centres and/or close proximity to public transportation or leisure hubs

LEISURE & BUSINESS – Growing Nordic travel and business destinations

FLEXIBLE LEASE STRUCTURE – Lease structures featuring both fully inflation linked minimum rent plus a turnover component

STRONG OPERATORS – Strong Nordic and international hotel operators

LONG-TERM PLANS – Properties that can be enhanced in co-operation with a long-term tenant

CONVERSION – Selective conversion opportunities

URBAN LIVING – Urban and niche “living” sectors (e.g. student housing, senior living and care properties)

PUBLIC SECTOR – Creating flexible solutions with public sector tenants

URBAN REDEVELOPMENT – Locations benefitting from urban redevelopment and/or improving infrastructure creating new residential, retail, office and leisure hubs

CHANGE OF USE OPPORTUNITIES – Enabling highest and best use by working with municipalities and developers to re-vitalise obsolete buildings

STRONG RELATIONSHIPS – Leverage strong relationships with innovative operators (e.g. school and business space operators)

Our Funds

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 €94m (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 Value creation & exit