CapMan Press release 30 March 2011 1.30 p.m. EET
CapMan sold an office property in Helsinki
The CapMan Real Estate I fund has sold an office property at Munkkiniemen puistotie 25 in Helsinki to Auratum Real Estate Oy. The sale will not impact CapMan Plc’s result for 2011, as the fund is not in carry.
The seven-storey office property at Munkkiniemen puistotie 25 was built in 1973 and has approx. 6,700 m2 of lettable space, which is currently rented out to five tenants.
CapMan manages four real estate funds: the CapMan Real Estate I fund, which invests in commercial properties in Greater Helsinki, the CapMan RE II fund, which invest in commercial and development projects around Finland, the CapMan Hotels RE fund, which invest in hotel properties, primarily in Finland and CapMan’s first project-specific hotel property fund, CapMan Yrjönkatu 17 Ky, which owns a hotel in central Helsinki.
Kalle Myllymäki, Partner, CapMan Real Estate, tel. +358 (0)50 356 6940
Matti Äijälä, Partner, Managing Director, Auratum Real Estate Oy, tel.+358 (0)45 634 4400
CapMan is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of 3.5 billion. CapMan has four key investment partnerships – CapMan Buyout, CapMan Russia, CapMan Public Market, and CapMan Real Estate – each of which has its own dedicated investment team and funds. Altogether, CapMan employs 150 people in Helsinki, Stockholm, Oslo, Moscow, Copenhagen and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.
Auratum Real Estate Oy
Auratum Real Estate Oy is part of Auratum Group, which operates in the fields of real estate and venture capital investments and asset management services. Auratum Real Estate develops high quality residential and commercial properties. In addition, the company is managing venture capital real estate funds. At the present time, value of the real estate portfolio managed by the company is approx. EUR 300 million including commercial, logistics and office properties and residential development projects in the Helsinki region and other growth cities in Finland.