Skip to content

CapMan acquires land in Kivistö, Vantaa


CapMan Plc Press release 26 March 2008 3.30 p.m.
CapMan RE II fund managed by CapMan has acquired land located in the Kivistö area of Vantaa, Finland. Under the existing plans the land and surrounding properties will be zoned mainly as a commercial services district. Completion of the transaction is subject to the condition that the City of Vantaa does not exercise its statutory pre-emption right to the land area.
The acquired land has an area of approx. 6.8 hectares and it is located in the Kivistö/Petas or Marja-Vantaa area, a strongly developing section of the City of Vantaa. The Kivistö area is one of few unbuilt commercial districts specified in provincial land use plans in the Helsinki metropolitan area. In terms of transport the land is located slightly north of the Ring III and Helsinki-Hämeenlinna Motorway intersection and it is quite close to Helsinki-Vantaa Airport. A significant amount of new residential development is also planned for the area.
The expertise and competence of the CapMan Real Estate investment team in this type of project will be utilised in the investment. The objective is to perseveringly develop the land along with the district’s development.
The investment focus of CapMan RE II fund is on property development targets in Finland and its other assets include, among others, Skanssi shopping centre in Turku and Tokmanni’s logistics centre project in Mäntsälä. CapMan’s first private equity real estate fund CapMan Real Estate I has investment focus on commercial properties in the Helsinki metropolitan area. CapMan Hotels RE Ky’s investment focus is on hotel real estate especially in Finland and Sweden.
For further information, please contact:
Jorma Lehtonen, Fund Director, CapMan Real Estate, tel. +358 207 207 614
CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3 .9 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 and funds. Altogether CapMan employs around 120 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.