CapMan Oyj : Nordic Real Estate acquires a residential property in a high-end area north of Copenhagen

CapMan Real Estate Press release 2 December 2016 at 12.15 p.m. EET

CapMan Nordic Real Estate acquires a residential property in a high-end area north of Copenhagen

CapMan Nordic Real Estate fund is adding to its existing residential portfolio in Copenhagen with the acquisition of a 7,370 square metre residential and retail property located on Strandvejen 201 in Hellerup, north of Copenhagen.

The turn-of-the-century property is located on the corner of Ahlmans Alle and Strandvejen in Hellerup in close proximity to parks, a short walk to the sea and a 10-minute drive to the centre of Copenhagen. The property is in overall good condition and currently has 33 residential tenants and nine retail tenants.

'We are excited about this addition to our already strong residential portfolio in Copenhagen. We see further potential in the Danish residential market especially in centrally-located properties in upscale areas. Strandvejen is a prime retail street in Hellerup with exclusive residents, apartments and shops located only five kilometres from the city centre,' comments Torsten Bjerregaard, Senior Partner at CapMan Real Estate.

The transaction is done in partnership with Keystone Asset Management and with bank financing from SEB.

CapMan Nordic Real Estate fund has in the past few years been building a residential portfolio comprising properties in central Copenhagen and Frederiksberg. The focus of the €273 million fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. The fund was established in 2013.

For further information, please contact:

Torsten Bjerregaard, Senior Partner, CapMan Real Estate, tel. +44 7715 772 554

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CapMan is a leading Nordic investment and asset management company. 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 Nest Capital - 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 professionals and assets under management of €2.8 billion.