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CapMan acquires two retail properties in Turku


CapMan Plc Press release 19 December 2007 at 12.10 a.m.
CapMan RE II fund has acquired two retail properties located at Yliopistonkatu 22 and Kristiinankatu 8 in Turku from Niam Fund III and the Whitehall Street Real Estate Funds.
The property at Kristiinankatu 8 (Turun Centrum) was built in 1969. The property has a lettable area of ca. 8,600 m², and at the time of investment it is fully leased to several tenants.

CapMan manages two real estate funds, of which CapMan Real Estate I invests in commercial properties in the Helsinki metropolitan area and CapMan RE II in commercial properties and property development targets in Finland. 
For further information, please contact:
Jorma Lehtonen, Fund Director, CapMan Real Estate, tel. +358 500 708 222
CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3 billion in total capital. CapMan has four investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science and CapMan Real Estate), and each of them has a dedicated team. Altogether CapMan employs around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.  

CapMan Real Estate
The investment focus of CapMan’s real estate funds is on real estate targets in Finland. The funds’ portfolio consists for example of commercial properties, logistics centres and warehouse premises as well as property development targets such as Skanssi shopping centre in Turku (currently under construction). The CapMan Real Estate team comprising of 30 professionals is responsible for the funds’ investment activities and also practises real estate consulting under the Realprojekti brand.
The real estate funds have invested in 38 real estate assets and exited from 22.