CapMan Nordic Real Estate acquires an office building in a fast developing area in Helsinki

CapMan Press Release 25 February 2016 at 11 a.m.

CapMan Nordic Real Estate acquires an office building in a fast developing area in Helsinki

The CapMan Nordic Real Estate fund has signed an agreement to acquire a 7,800-square-metre office building locating at Hämeentie 15 in central Helsinki.

"We believe that there is a need for modern and effective office space in the fast developing Sörnäinen-Kalasatama area, where the tenants value convenience with a distinct character. We see significant value-add potential in refurbishing and leasing of the vacant premises in the property," says Juhani Erke, Partner at CapMan Real Estate and responsible for the investment.

The property is acquired from a real estate fund managed by Pohjola Kiinteistösijoitus Oy.

The focus of the €273 million CapMan Nordic Real Estate fund, established in 2013, is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. "KOy Helsingin Hämeentie 15" is the fund's 15^th investment overall and its fourth in Finland.

For further information, please contact:
Juhani Erke, Partner, CapMan Real Estate, tel. +358 505 495 104
Mika Matikainen, Senior Partner, Head of CapMan Real Estate, tel. +358 207 207 616

CapMan www.capman.com

CapMan is one of the European leaders in the private equity industry. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. Our objective is to provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships - Buyout, Real Estate, Russia and Credit - as well as our associated company Norvestia are responsible for investment activities and value creation. CapMan's service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 private equity professionals and assets under management of €2.8 billion.