HELSINKI, 15-Aug-2019 — /EuropaWire/ — CapMan Nordic Property Income Fund completed two separate transactions to form a high-quality modern office sub-portfolio. Together the properties form a c. 14,500 sqm office portfolio with over 5- year blended lease maturity where the rental income is derived from notable and credible tenants. The fund was successfully refinanced with long term multi-currency loan prior to the acquisitions.
Two of the assets are recently built green certified multi-tenant properties located in Käpylä, Helsinki (Osmontie 38) and in Aviapolis, Vantaa (Plaza Business Park Halo). Third asset is a recently modernised office property located in Leppävaara Espoo (Quartetto Cello).
Sampsa Apajalahti, Investment Director at CapMan Real Estate, said: “We had an excellent opportunity to acquire three high-quality office properties. All assets are situated in well-established office submarkets with excellent connections to Helsinki city centre and to the Airport. The acquisitions benefit the overall portfolio in the fund further diversifying the type of use and the tenant base. These are great additions to our fund. The refinancing increases the efficiency of the capital employed and increases the investment rate significantly.”
CMNPI is an open-ended investment fund (non-UCITS) which accepts new subscriptions on a quarterly basis. CMNPI focuses on stable income generating properties in the largest and most liquid Nordic cities with solid long-term growth fundamentals. CapMan AIFM Ltd, licensed and supervised by the Finnish Financial Supervisory Authority, manages the fund.
CapMan Real Estate Ltd is a Nordic real estate private equity fund investment advisory company operating from its offices in Helsinki, Stockholm, Copenhagen and London. The CapMan Real Estate team employs more than 30 dedicated professionals in the field of investment, asset management and property management. CapMan’s real estate portfolio under management is ca. EUR 2.5 billion.
For more information:
CapMan Real Estate
+358 40 575 2363