CapMan Press Release – 15 October 2014 at 12.40 p.m. EEST
CapMan Real Estate acquires an office building in Helsinki capital region
CapMan Nordic Real Estate fund acquires MREC Plaza Presto, a modern 5,760 square-metre office building in Vantaa Aviapolis office area in Finland. The seller in the transaction is Finnish Paper Workers’ Union. Plaza Presto is the seventh investment of the CapMan Nordic Real Estate fund.
Plaza Presto is a high-quality office building located along Ring Road III in Aviapolis, a fast developing business centre near Helsinki Airport. Built in 2001, Plaza Presto is part of a well-known Gate8 business campus, which offers a full range of services for office occupiers. The 5,760 square-metre property provides a home for approx. 30 companies and includes 180 parking spaces.
“We are delighted about Plaza Presto, which is our Nordic Real Estate fund’s first investment in Finland. Plaza Presto is an excellent fit to our strategy with a well-diversified tenant base and value-add opportunities through leasing work and cost optimising,” says Juhani Erke, Partner at CapMan Real Estate.
Plaza Presto is CapMan Nordic Real Estate fund’s seventh investment and the first one in Finland. The fund is actively seeking new investment opportunities in office, retail and residential properties located in established submarkets of major Nordic cities. The fundraising for the fund continues.
For further information, please contact:
Juhani Erke, Partner, CapMan Real Estate, tel. +358 207 207 601
CapMan Real Estate www.capman.com
CapMan Real Estate manages four real estate funds: the CapMan Nordic Real Estate fund, which is in active investment phase and investing in office, retail and residential properties located in the Nordic countries, the CapMan Real Estate I fund, which is focused on commercial properties in Greater Helsinki, the CapMan RE II fund, which is focused on commercial and development projects around Finland and CapMan Hotels RE fund, which owns hotel properties, primarily in Finland. The team comprises of approx. 20 people based in Helsinki, Stockholm, Copenhagen and London.
CapMan Real Estate is part of CapMan Group, a leading private equity firm in the Nordic countries and Russia, with assets under management of 3.1 billion. CapMan has five key investment partnerships – CapMan Buyout, CapMan Real Estate, CapMan Russia, CapMan Credit and CapMan Public Market – each of which has its own dedicated investment team and funds. Altogether, CapMan employs approx. 100 people in Helsinki, Stockholm, Moscow, Luxembourg and London. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.
