CapMan Real Estate press release 10 October 2017 at 9.00 a.m. EEST
CapMan Real Estate’s Nordic residential mandate from BVK increases to 500 million euros in total
Bayerische Versorgungskammer (BVK), Germany’s largest pension scheme group, increases the investment volume of the fund advised by CapMan Real Estate to 500 million. The volume increase follows the recent transactions in Denmark.
“We are extremely pleased and delighted to see the continued trust from BVK in our investment team’s capabilities in the Nordics. We look forward to continue our strong co-operation for the years to come,” says Mika Matikainen, Managing Partner of CapMan Real Estate.
Under its broad mandate, CapMan will source, advise transactions as well as manage the assets for the BVK fund in Sweden, Denmark, Finland and Norway. Recently CapMan Real Estate advised the fund on two more acquisitions in Denmark: a newly built well performing asset in Copenhagen and a forward purchase project in Aarhus.
“We are very pleased with the third and fourth investments under the BVK mandate. Both Copenhagen’s and Aarhus’ residential markets are attractive due to strong underlying population growth and urbanisation. The combined volume of the deals was c. 125 million which takes the committed investment volume of the mandate to c. 300 million. We have a strong pipeline for further acquisitions,” comments Sampsa Apajalahti, Investment Director at CapMan Real Estate.
“I am very happy about the expansion of the BVK mandate. We have strong know-how in our Real Estate team when it comes to Nordic real estate and the co-operation with BVK demonstrates our ability to serve international customers,” says Joakim Frimodig, CEO of CapMan.
The fund advised by CapMan is an institutional real estate fund on the platform of Universal-Investment, administered and managed on behalf of BVK.
CapMan will receive an annual advisory fee and a performance fee on the mandate based on standard industry practice.
CapMan Real Estate has a team consisting of over 30 real estate professionals in Helsinki, Stockholm and Copenhagen. CapMan Real Estate currently has over EUR 1.7 billion of assets under management and the first fund was established in 2005.
For further information, please contact:
Sampsa Apajalahti, Investment Director, Fund Director, CapMan Real Estate, tel. +358 40 575 2363
Mika Matikainen, Managing Partner, CapMan Real Estate, tel. +358 40 519 0707
Joakim Frimodig, CEO, CapMan Plc, tel. +358 50 529 0665
CapMan
www.capman.com
twitter.com/CapManPE
CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 28 years. CapMan has today 110 private equity professionals and manages EUR 2.7 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit, Infrastructure and Tactical Opportunities. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.
Bayerische Versorgungskammer
www.versorgungskammer.de
Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany’s largest pension scheme group under public law. As a public authority of the Bavarian Ministry of the Interior, it is the joint executive body of twelve liberal professions and communal pension schemes. Bayerische Versorgungskammer covers about 2.2 million insured persons in total, with contributions of 4.4 billion and 3.2 billion pension payments annually. It currently has 69 billion assets under management and more than 1,200 employees.
Universal-Investment
www.universal-investment.com
Universal-Investment is the largest independent investment company in German-spoken Europe with fund assets in excess of about EUR 327 billion under administration, thereof EUR 272 billion in own vehicles, over 1,000 funds and investment mandates and a workforce of around 650. The focus lies on the efficient and transparent administration of funds, securities, real estate and alternative asset classes. The 1968 founded company is headquartered in Frankfurt/Main and has subsidiaries and holdings in Luxemburg and Austria. As pioneer of the investment industry Universal-Investment is now market leader in the areas of master-KVG and private label funds. Owing to the strong growth since starting the real estate business in 2011, Universal-Investment established itself as largest companies for institutional open-ended real estate funds in Germany. According to the 2017 PwC ManCo Survey, Universal-Investment is the largest AIFM ManCo in Luxembourg; among the Third-Party-ManCos, Universal-Investment ranks in second place. (As per 31 August 2017).
