CapMan Press Release 13 May 2015 at 10.00 EEST
CapMan Real Estate acquires a mixed-use property with an excellent location in central Copenhagen
The CapMan Nordic Real Estate fund has acquired a mixed-use property (“Vesterbrogade 80”) with an excellent location at the intersection of Frederiksbergs Alle, Vesterbrogade and Vaernedamsvej, which are all well-known high streets in the centre of Copenhagen.
Built in 1901, Vesterbrogade 80 is located in a busy area of central Copenhagen also known as “Little Paris” due the trendy shops and restaurants in the area. The 7,955 square-metre building consists of 12 large residential units, seven office suits, two retail units and two restaurants.
“The timing is excellent for adding this well-located property into our portfolio as the Copenhagen real estate market, especially the residential market, is experiencing strong growth and investment demand. Vesterbrogade 80 has several value-add opportunities including modernising and converting space for residential use,” comments Torsten Bjerregaard, Senior Partner at CapMan Real Estate.
The transaction has bank financing from SEB and is done in partnership with Keystone Investment Management.
The focus of the CapMan Nordic Real Estate fund is to acquire office, retail and residential properties located in established submarkets of major Nordic cities. The fund has made eleven investments of which six are located in Denmark. These include the investment in the development of the shopping centre BROEN in Esbjerg, nine properties on Amagerbrogade in Copenhagen, the development of new apartments in Copenhagen’s Nordhavnen, the office building Finsensvej in Copenhagen’s Flintholm and two prime residential properties in central Copenhagen.
For further information, please contact:
Torsten Bjerregaard, Senior Partner, CapMan Real Estate, tel. +44 7715 772 554
CapMan is one of the European leaders in the private equity industry. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. We provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships – Buyout, Real Estate, Russia and Credit – are responsible for investment activities and value creation. CapMan’s service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 private equity professionals and assets under management of 3.0 billion.