CapMan Real Estate press release
17.9.2024 at 09:00 am EEST
CapMan Real Estate and Riksbyggen launch partnership for residential property management in Sweden
CapMan Real Estate (“CapMan”) and Riksbyggen have entered a partnership for property management of CapMan’s residential properties in Sweden. Together, we look forward to developing innovative solutions that contribute to continued growth for both of our businesses. The collaboration creates a platform to strengthen our brands in residential property management and offer tenants a high-quality living environment. The focus is on a safe living experience, excellent service, smart digital solutions, and long-term sustainability.
“We are very excited about the new collaboration with CapMan. It is fantastic to be able to support CapMan in their growth within the residential segment in the Swedish market,” says Alexander Karlsson, Property Manager at Riksbyggen.
“We are very pleased to start this collaboration with Riksbyggen,” says Magnus Berglund, Head of CapMan Real Estate Sweden. “CapMan’s investment strategy includes making significant investments in residential properties in Sweden in the coming years, and therefore it is excellent that we have found a reliable partner with a proactive organization to collaborate with”
CapMan Residential Fund has recently acquired a property under construction in Sundbyberg, Stockholm County, comprising 289 rental apartments, with expected completion in early 2027. The project in Ursvik, 10 km north of Stockholm city center, also includes an underground parking garage with 85 spaces and two small commercial premises. The property will be certified according to BREEAM standards and aims to align with the EU taxonomy.
The fund has also acquired a project in Örebro, in Tamarinden, a new residential area 2 km south of central Örebro, comprising 139 apartments to be completed in the first quarter of 2025. The project has a strong sustainability profile, featuring solar energy installations and systems for rainwater recycling, and aims to achieve Miljöbyggnad certification at Silver level.
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.8 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com
