CapMan Press Release 19 May 2015 at 12.40 p.m. EEST
CapMan Real Estate sells an office building in Northern Helsinki
The CapMan Real Estate I fund sells an office building located at Nuijamiestentie 12 in Haaga, Helsinki to Fennica Real Estate fund I.
Built in 2009, Nuijamiestentie 12 office building is located visibly in Haaga, Helsinki alongside the busy Highway 3. The modern glazed red-brick building comprises eight floors and 3,336 square-metres of lettable space. The property is currently leased to several tenants. CapMan Real Estate built the property in 2008-2009.
“We are very satisfied with the transaction and the process that was carried out in an efficient manner,” comments Kalle Myllymäki, Partner at CapMan Real Estate.
“The acquired property strengthens Fennica’s investment assets as anticipated. We are certain that there is further leasing demand for a well-located office building in a developing area of the city. This rather new property is a perfect fit to our portfolio also due to its technical condition,” says Elina Puhakainen, Fund Manager at Fennia Asset Management Ltd.
The CapMan Real Estate I fund was established in 2005. The fund is focused on office properties in Greater Helsinki and there are five real estate assets remaining in its portfolio.
For further information, please contact:
Kalle Myllymäki, Partner, CapMan Real Estate, tel. +35850 356 6940
Elina Puhakainen, Fund Manager, Fennia Asset Management Ltd, tel. +35850 331 9119
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 – as well as our associated company Norvestia 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.
Fennica Real Estate fund I www.fenniavarainhoito.fi
Fennica Real Estate fund I is an alternative investment fund, which is distributed by Fennia Asset Management and managed by an independent Finnish investment services company, Elite Asset Management Ltd. The fund’s 14 real estate assets are mainly located in the Helsinki metropolitan region and in other growth centres. The portfolio is valued at 130 million in total. Fennia Asset Management Ltd offers high quality and cost-effective asset management services to companies, communities, families and private persons. Fennia Asset Management is part of Fennia Group.