Real Estate
Towards human-centric real estate with a net positive environmental impact
Our sustainability vision is developing human-centric real estate with a net positive environmental impact. We aim to generate attractive returns for investors while driving a green transition in our industry, optimizing real estate life-cycle value creation to all stakeholders, from the environment to local communities. Three themes build into our vision: developing human-centric real estate, moving towards real estate development with a net positive environmental impact, and basing our operations on transparent and accountable governance.
CapMan Real Estate in figures
+4.4
€ billion in real estate under management
+60
real estate professionals
+200
investments
☆☆☆☆
rating from PRI
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.
Our sustainability vision
Our sustainability vision is to develop human centric real estate with a net positive environmental impact. We aim to generate attractive returns for investors while driving a green transition in our industry, optimizing real estate life-cycle value creation to all stakeholders, from the environment to local communities. Three themes build into our vision: developing human centric real estate, moving towards real estate development with a net positive environmental impact and basing our operations on transparent and accountable governance.
Value-Add Strategies
We invest in transitional properties in the most liquid Nordic markets.
Value-Add Strategies
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.
Active Value-Add Funds
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.
Income-Driven Strategies (Core & Core+)
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.
Active Income Funds & Mandates
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
All funds
| Fund | Year | Raised | Status |
|---|---|---|---|
| CapMan Social Real Estate | 2024 | Undisclosed | Actively investing |
| 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 | €79m (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
Our professionals across the Nordics
Latest
CapMan Real Estate to build Scandinavia’s biggest integrated solar roof at Stationsparken, Copenhagen
CapMan Real Estate improves GRESB results across the board, two funds receive five-star ratings
CapMan Real Estate and Riksbyggen launch partnership for residential property management in Sweden
