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CapMan acquires city-centre property in Helsinki


CapMan Press release
23 December 2009 at 11.05 a.m

acquires city-centre property in

The CapMan Hotels RE Ky Fund has signed an
agreement to acquire the Vanhajämerä real estate company with a property
located in central Helsinki from Sponda Plc.


The Vanhajämerä property, with 5,185 m² of lettable space is located on the corner
of Albertinkatu and Lönnrotinkatu in central Helsinki and the plan is to develop it into a
hotel. The transaction is expected to be finalized by the end of January 2010.


CapMan manages three
real estate funds, of which CapMan Real Estate I invests in commercial
properties in Greater Helsinki, CapMan RE II in commercial properties and
property development opportunities across Finland, and CapMan Hotels RE in
hotel properties in the Nordic countries.


For further information, please contact:

Jukka Iivari,
Chairman of the Board, CapMan Real Estate Oy, tel. + 358 400 405 956

Pirjo Ojanperä, Head of the
Real Estate Hotel Fund
tel. +358 50 388 3306



CapMan is one of the
leading alternative asset managers in the Nordic countries and Russia and
manages private equity funds with approximately EUR 3.5 billion in total
capital. CapMan has six investment areas (CapMan Buyout, CapMan Technology,
CapMan Life Science, CapMan Russia, CapMan Public Market and CapMan Real
Estate), and each of them has a dedicated team and funds. Altogether CapMan
employs approx. 150 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow.
CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange
since 2001.