CapMan Residential Fund Expands Nordic Footprint with Ursvik Investment

CapMan Residential Fund Expands Nordic Footprint with Ursvik Investment

(IN BRIEF) CapMan Residential Fund has expanded its portfolio with a new investment in Ursvik, Sundbyberg, acquiring a forward funding project comprising 289 rental apartments and amenities like an underground parking garage with EV chargers. This strategic move, managed by Reliwe and Consto and expected to complete by early 2027, aligns with CapMan’s strategy to invest in sustainable, well-connected locations across the Nordics. The project aims for high sustainability standards and certifications, emphasizing eco-friendly features such as geothermal heating and solar panels. CapMan aims to grow its residential fund to €2 billion by 2026, showcasing its commitment to responsible investing and strategic expansion in Sweden.

(PRESS RELEASE) HELSINKI, 22-Jun-2024 — /EuropaWire/ — CapMan Residential Fund has expanded its portfolio with a significant investment in a forward funding project located in Ursvik, Sundbyberg, a strategic location just north of Stockholm city center. This acquisition from Reliwe includes 289 rental apartments, an underground parking garage with EV chargers, and commercial spaces, managed by Reliwe and Consto with completion expected in early 2027. Ursvik’s appeal lies in its rapid growth and excellent transport links to Stockholm’s key hubs.

This marks the ninth investment for CapMan’s Nordic residential fund, reflecting its strategy to invest in prime urban areas across the Nordics. The project underscores CapMan’s commitment to sustainability, targeting certifications like BREEAM and Nordic Swan Ecolabel, and aligning with EU Taxonomy standards. Features include geothermal heating, solar panels, and amenities like a car and bicycle pool, promoting eco-friendly living.

Pontus Danielsson, Investment Associate at CapMan Real Estate, expressed enthusiasm, noting the project’s synergy with their expansion plans in Sweden. The fund, which has raised close to €1 billion since 2021 and aims for €2 billion by 2026, underscores its growth trajectory and commitment to responsible investing.

Magnus Berglund, Partner at CapMan Real Estate Sweden and Norway, highlighted their strategic approach and robust investment platform. Gurmo Endale, Partner at Reliwe, emphasized their collaboration with CapMan and shared confidence in delivering a top-tier residential development in Ursvik.

CapMan Real Estate manages €4.4 billion in assets across the Nordics, supported by a dedicated team spanning major cities, ensuring strategic growth and operational excellence in residential investments.

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 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

Media Contacts:

Magnus Berglund
Partner and Head of CapMan Real Estate Sweden and Norway
+46 70 786 68 08

Pontus Danielsson
Investment Associate at CapMan Real Estate
+46 70 385 58 00

SOURCE: CapMan