CapMan Real Estate press release
17 June 2025 at 14.00 pm EEST
CapMan Nordic Real Estate III Fund and Vander have entered into a joint venture to co-own and redevelop Kristian Augusts gate 10 (KA10), a centrally located property in Oslo with excellent public transport connections.
The surrounding area has undergone significant revitalisation in recent years, including university expansions, the development of a tech innovation hub, new office developments, and enhanced retail, dining, and cultural offerings. KA10 will be transformed into high-quality serviced apartments, with Vander securing a long-term lease upon completion.
KA10 is currently an office property comprising approximately 2,500 m² across five above-ground floors and one underground level. The surrounding area is undergoing significant transformation, increasing its appeal through a more diverse range of uses and higher foot traffic. The property benefits from excellent connectivity, with subway, bus, and tram lines just metres away.
The joint venture plans to refurbish, extend, and reposition KA10 into high-quality serviced apartments. A long-term lease has been secured with Vander upon completion.
“We look forward to redeveloping this asset, creating a modern and attractive apartment hotel that further enhances urban living in the heart of Oslo,” shares Jens Henrik Larsen, Investment Director, CapMan Real Estate.
The €564 million CapMan Nordic Real Estate III Fund was established in 2020 and focuses on commercial real estate investments across the Nordics. CapMan Real Estate manages approximately €5.5 billion in assets, with a team of over 80 professionals based in Helsinki, Stockholm, Copenhagen, Oslo, and London.
For more information, please contact:
Jens Henrik Larsen, Investment Director, CapMan Real Estate, jens.larsen@capman.com, +47 950 34 844
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation and €6.4 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. 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