CapMan Press Release - 14 April 2014 at 8:05 a.m. EEST
CapMan Nordic Real Estate acquires an office building in Northern Stockholm
CapMan Nordic Real Estate fund has signed an agreement to acquire a modern office building ("Bladet 3") from Vasakronan, the Swedish property company. The building is located in Solna, Northern Stockholm.
Bladet 3 is a 31,700 square-metre landmark office building located alongside and over the busy E18 road connecting to central Stockholm. The building was constructed in 1986 and has recently benefitted from a significant modernisation and upgrade programme. The building is exceptionally well located, with direct road and public transport access to Stockholm`s central business district. The majority of the space is currently let to insurance company If and there is a further 4,180 sqm of office space available for leasing. Bladet 3 consists of four interconnecting office properties including facilities such as restaurant, gym and large underground parking.
"We are very excited about our investment in Bladet 3, which fulfils our investment strategy, concentrating on Nordic growth centres. We are looking forward to working with the existing tenant If and introducing new tenants to the modern and flexible space available within the building. Furthermore, we will add value by further developing the building and its surroundings," says Ed Williams, Senior Partner at CapMan Real Estate.
Bladet 3 is the fourth investment of the CapMan Nordic Real Estate fund. The focus of the fund is office, retail and residential properties located in established submarkets of major Nordic cities. Fundraising for the fund continues.
For further information, please contact:
Ed Williams, Senior Partner, CapMan Real Estate, tel. +46 (0)8 445 1051
Mika Matikainen, Senior Partner, Head of CapMan Real Estate, tel. +358 (0)20 720 7616
CapMan Real Estate www.capman.com
CapMan Real Estate manages five real estate funds: the CapMan Nordic Real Estate fund, which invests in office, retail and residential properties located in the Nordic countries, the CapMan Real Estate I fund, which invests in commercial properties in Greater Helsinki, the CapMan RE II fund, which invests in commercial and development projects around Finland, the CapMan Hotels RE fund, which invests in hotel properties, primarily in Finland and a project-specific hotel property fund, CapMan Yrjönkatu 17 Ky, which owns a hotel in central Helsinki. The team comprises over 20 people based in Helsinki, Stockholm, Copenhagen and London.
CapMan Real Estate is part of CapMan Group, a leading private equity firm in the Nordic countries and Russia, with assets under management of €3.1 billion. CapMan has five key investment partnerships - CapMan Buyout, CapMan Russia, CapMan Credit, CapMan Public Market and CapMan Real Estate - each of which has its own dedicated investment team and funds. Altogether, CapMan employs approx. 100 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg.
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Source: CapMan Oyj via GlobeNewswire