CapMan Nordic Real Estate II fund makes its first exit just 2 years since inception

CapMan Nordic Real Estate II fund makes its first exit just 2 years since inception

(PRESS RELEASE) HELSINKI, 6-Dec-2019 — /EuropaWire/ — CapMan Nordic Real Estate II fund announced it is selling a portfolio of eleven care properties in Finland to Sweden based property owner Hemfosa Fastigheter. CapMan Nordic Real Estate II fund was launched back in 2017 and the current deal represents the fund’s first exit.

The care properties portfolio was built up and developed by the CapMan Nordic Real Estate II fund during 2017-2019. The total leasable area of the eleven properties, subject of the current deal, is approximately 20,900 sq.m. and the properties are located mainly in growing municipalities across Finland. As of today the high-quality and modern properties are fully leased with long-term lease agreements.

Commenting on the sale of the portfolio, Juhani Erke, Partner, Head of CapMan Real Estate Finland, said:

“We are pleased to have completed the first exit from CapMan Nordic Real Estate II fund, which is still in its investment phase. The development of this sizeable portfolio of modern care homes in such a short time and to exit it now to a professional long-time community service property owner meets the targets of our value-add strategy well.”

The CapMan Nordic Real Estate II is a €425 million fund with a main focus on investment in office, residential and retail properties located in established submarkets of major Nordic cities and selectively in real estate sectors supported by prevailing megatrends. The fund relies on 38 dedicated professionals in the field of investment, asset management and property management and its current real estate volume under management is over EUR 2.5 billion.

Media contacts:

Juhani Erke
Partner & Head of CapMan Real Estate Finland
CapMan Real Estate
tel. +358 50 549 5104

SOURCE: CapMan Real Estate