CapMan Press Release – 19 August 2015 at 2:00 p.m. EEST
CapMan Real Estate acquires a vacant office building in Southern Stockholm for conversion into a school
CapMan Nordic Real Estate fund has acquired an office building (“Kabelverket 6”) located in Älvsjö, Southern Stockholm, from NA 2 Älvsjö AB. CapMan Real Estate will convert the 7,930 square-meter building to a school and has already signed a leasing agreement for the entire property with Internationella Engelska Skolan (IES), the largest independent free school in Sweden.
“The building is vacant today but is located in an ideal location for a school and is of a size and configuration that enables a suitable conversion from the existing office use. Älvsjö is situated in the fastest growing urban area in Stockholm municipality and has a shortage of schools. The area is well served by public transport, with its mainline railway station only three stops away from Stockholm Central Station”, comments Ed Williams, Senior Partner at CapMan Real Estate.
“We are looking forward to starting the conversion work imminently and to a long and successful relationship with IES. The school will open in August 2016,” Ed Williams continues.
Kabelverket 6 is the CapMan Nordic Real Estate fund’s twelfth investment overall and its fourth in Sweden. The focus of the fund, established in 2013, is to acquire office, retail and residential properties located in established submarkets of major Nordic cities.
For more information, please contact:
Ed Williams, Senior Partner, CapMan Real Estate, tel. +46 (0)8 445 1051
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. Our objective is to 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.