CapMan Real Estate press release
4.9.2023 at 09:00 a.m. EEST
CapMan Real Estate’s Red Warehouse is completed, welcoming BCG Denmark into their new distinctive office space
CapMan Real Estate has finalised the rebuild of Red Warehouse, transforming the 140-year-old building from warehouse and workshop to modern distinctive office space. The buildings sole tenant, Boston Consulting Group Denmark (BCG), who has been a vital partner throughout the rebuild, started their move-in process on 1st September.
The finalized space plays homage to the building’s history, showcasing state-of-the-art interior design which successfully combines the qualities of the original building from 1883 and merges them with new design solutions that ensure a unique design. The office space covers 6,000 sqm over three floors in addition to a basement space of 4,600 sqm which was converted to hold a gym as well as well as a large TED-like audience presentation room. The building is topped off by a 700m2 rooftop terrace and bar with space to do outside sport with views across the city.
The project has been in progress since 2019, and all details of the house are exclusively designed, featuring numerous artistic elements such as the central staircase. The house, in general, has been completed with a high level of fit-out.
”From the start, we knew this project was going to be a special. Performing such a comprehensive renovation in a historical building like this, holds huge opportunities but also its challenges. The results we see today are a direct result of a tight collaboration between professionals who all played an important part in this. I especially want to thank Steen Niebling from SN Consult, Mikkel Westfall, Natasja Cornelius and team at Act Architects, Ulrik Larsen from REVCO, and SWECO, and BCG for working with us on this memorable project”, says Peter Gill, Partner, Head of CapMan Real Estate Denmark.
“We are thrilled to move into our new premises. The results speak for themselves. Our objective was to establish a unique domicile for our valued employees to give them the best circumstances to excel. Throughout this project, in collaboration with CapMan, SN Consult, Act Architects, BRIQ, REVCO, and SWECO, we have devised solutions that we firmly believe will significantly enhance and elevate the office experience for our employees. The Red Warehouse stands as our new inspiring office that fosters a vibrant community where we solve the biggest problems,” shares Ulrik Sanders, Managing Director & Senior Partner at BCG.
CapMan Nordic Real Estate II fund acquired Red Warehouse in 2019. In 2022 the fund signed BCG on a long-term lease for the refurbished office and sold the asset to German family-owned THI Investments in a forward purchase, where construction was agreed to continue with takeover later in 2023.
CapMan Real Estate manages approximately €4.2 billion in real estate assets and the Real Estate Team comprises over 65 real estate professionals located in Helsinki, Stockholm, Copenhagen, Oslo and London.
For more information, please contact:
Peter Gill, Partner, Head of CapMan Real Estate Denmark, +45 20 43 55 63
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. With €5.1 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have set greenhouse gas reduction targets under the Science Based Targets initiative in line with the 1.5°C scenario. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business consists of procurement services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. Learn more at www.capman.com.
