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CapMan acquires two commercial properties in Helsinki


Press Release 29 August 2007
CapMan Real Estate I fund has acquired ownership of the property located at Ludviginkatu 3-5 in the Kaartinkaupunki district of central Helsinki as well as the properties located at Elimäenkatu 9 A and 9 B in the Vallila district of Helsinki.
CapMan Real Estate I fund has acquired the commercial property located at Ludviginkatu 3-5 in the Helsinki from Yrjö Jahnsson Foundation. The five-storey building was constructed in 1891 and it has a lettable area of ca. 4,000 m².
In addition, the fund and Yrjö Jahnsson Foundation have made an agreement on the transfer of the property located at Elimäenkatu 9 A and 9 B in Vallila to the ownership of CapMan Real Estate I. The buildings have an aggregate lettable area of ca. 12,900 m², and they were built in 1926 and 1974.
CapMan manages two private equity real estate funds, of which CapMan Real Estate I invests in commercial properties in the Helsinki metropolitan area and CapMan RE II fund in property development targets in Finland. The funds’ portfolios comprise a total of 13 properties or property development targets after the investments made now.
For further information, please contact:
Kalle Myllymäki, Manager, Real Estate Investments, CapMan Real Estate, tel. +358 50 356 6940
Arto Alho, Managing Director, Yrjö Jahnsson Foundation, tel. +358 9 686 9100 or +358 400 512 343
CapMan is one of the leading private equity investors in the Nordic countries and manages Nordic buyout, mezzanine, technology, life science and real estate funds with approximately EUR 3.0 billion in total capital. Each investment area has a dedicated team and altogether CapMan employs around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. Established in 1989, CapMan has strong experience as a fund manager and as a partner for investors and entrepreneurs. To date CapMan has made over 150 Nordic investments and over 90 exits. The current portfolio encompasses over 60 companies with an aggregate turnover of approx. EUR 2.7 billion and aggregate personnel of 17,000 people. The latest investments are made in Finnish Novintel Oy, Danish ScanJour A/S, Swedish Nacka Närsjukhus Proxima and Norwegian Telemark Group. In addition, CapMan has invested in 35 real estate assets and exited from 22. The B shares of CapMan Plc are listed on the Main List of the Helsinki Stock Exchange since 2001.  
Yrjö Jahnsson Foundation
The Yrjö Jahnsson Foundation was established in 1954 and the purpose of the foundation is to promote Finnish research in economics and medicine, and to maintain and support Finnish educational and research facilities. It also supports Finnish research in medical economics, overlapping with both the aforementioned fields. The foundation supports this research with EUR 2 million during 2007.