CapMan Real Estate press release
12 October 2026 at 10:00 a.m. EEST
CapMan Nordic Real Estate I completes its lifecycle with final asset sale
CapMan Real Estate announces that CapMan Nordic Real Estate I (NRE I) has completed the sale of its final asset, marking the successful conclusion of the fund’s investment lifecycle. Following the disposal, the fund will be wound up in accordance with its fund structure.
The fund’s 65% stake in its final asset, BROEN Shopping Centre in Esbjerg, Denmark, was sold to AGAT Ejendomme at the end of September 2026. As the fund is in the carried interest phase, the divestment of the BROEN Shopping Centre will generate carried interest income.
NRE I was CapMan’s first pan-Nordic real estate fund and laid the foundation for the firm’s Nordic value-add real estate investment strategy. Over its lifetime, the fund delivered on its target return to its investors while building a diversified portfolio across the Nordic region.
“The successful exit of NRE I marks an important milestone for CapMan Real Estate. The fund established our pan-Nordic investment platform and demonstrated the benefits of combining local market expertise with a Nordic investment approach. We would like to thank our investors for their trust and partnership throughout the fund’s lifecycle,” says Mika Matikainen, Managing Partner at CapMan Real Estate.
Since the launch of NRE I, CapMan Real Estate has raised around €1.4 billion of equity for its pan-Nordic closed-ended funds. The latest fund in the series, CapMan Nordic Real Estate IV (NRE IV), with a target size of €750 million announced its first closing at the end of June 2026.
NRE IV continues the proven pan-Nordic strategy with a particular focus on residential, public sector and hospitality properties, targeting attractive risk-adjusted returns through active asset management and value creation.
For further information, please contact:
Mikael Rihto, Fund Director, CapMan Real Estate, mikael.rihto@capman.com
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.7 billion euros 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, real asset debt, 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, Luxembourg, Düsseldorf and Paris. We are listed on Nasdaq Helsinki since 2001. www.capman.com.
