CapMan Real Estate press release
10 January 2024 at 13:00 PM EET
CapMan Residential Fund acquires two newly built residential assets in Helsinki Metropolitan Area, Finland
CapMan Residential Fund (CMRF) acquired two high-quality residential assets at the end of 2023. The transaction is the seventh investment for CapMan’s pan-Nordic core residential fund.
The two buildings with 82 apartments in total were completed in 2023 and are located in the districts of Olari and Soukka, in Espoo. The assets are well-connected to public transport and about 20 minutes from Helsinki city centre. The Olari property is also just a short walk from one of the dominant shopping and service centres in the Helsinki region, Iso Omena.
“We are delighted to add these exceptionally well located newly built assets to our fund, which focuses on investing in high-quality and middle-income residential properties in established and well-connected locations in the Nordic metropolitan areas. While the asset in Olari is already EU taxonomy aligned, also the property in Soukka is targeted to be EU taxonomy aligned once its energy performance certificate rating (EPC) is improved from B to A. The fund’s portfolio in Finland has expanded to 31 assets with this acquisition”, comments Juhani Erke, Partner at CapMan Real Estate.
“These assets complement our existing portfolio very well, and the transaction demonstrates that despite subdued market activity, there are attractive opportunities for well capitalised investors”, shares Mikael Hjorth, Partner at CapMan Real Estate and Fund Director of CMRF.
CapMan Real Estate has approximately €4.2 billion of real assets under management, and the team comprises over 70 professionals located in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo and London.
For more information, please contact:
Juhani Erke, Partner, CapMan Real Estate, +358 505 495 104
Mikael Hjorth, Partner, CapMan Real Estate, +44 7741 873 663
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, it has built value in unlisted businesses, real estate, and infrastructure for over three decades. With approx. EUR 5 billion in assets under its management, its objective is to provide attractive returns and innovative solutions to investors. An example of this are the greenhouse gas reduction targets that it has set under the Science Based Targets initiative in line with the 1.5°C scenario. It has a broad presence in the unlisted market through its local and specialised teams. Its investment strategies cover minority and majority investments in portfolio companies and real estate, as well as infrastructure assets. It also provides wealth management solutions. Its service business includes procurement services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London, Luxembourg and Jyväskylä. It has been listed on Nasdaq Helsinki since 2001. Learn more at www.capman.com.