CapMan Real Estate press release                    7 October 2019 at 9.00 a.m. EEST

CapMan Real Estate invests in retail and office property in the development area of Grønttorvet in Copenhagen

CapMan Real Estate II Fund has acquired a retail and office property with development potential from Chris Invest A/S.

The property has a total of 7,194 sqm leasable area and was constructed as an industrial building in 1959. The property has an attractive location in Valby, next to the 160,000 sqm development area of Grønttorvet. By 2021 the area will include approx. 2,000 residential units and 30,000 sqm office and retail space. A new metro station will be opened in the area in 2024, only a few minutes’ walk from the property.

“The property has significant refurbishment potential and an excellent location at the entrance of Grønttorvet. Our strategy is to redevelop the property into modern retail while respecting the old architecture of the building. We intend to make similar investments in retail and office properties with development potential”, comments Peter Gill, Investment Director at CapMan Real Estate.

The property is the fifteenth acquisition of the €425 million Nordic Real Estate II fund raised in 2017. The focus of the fund is to invest mainly in office, retail and residential properties located in established submarkets of major Nordic cities.

HLM Management has been assisting CapMan Real Estate on this deal and will also be working as an asset manager on the deal going forward.

CapMan Real Estate includes 38 dedicated professionals in the field of investment, asset management and property management. CapMan’s current real estate volume under management is over EUR 2.5 billion.

For further information, please contact:

Peter Gill, Investment Director, CapMan Real Estate, tel. +45 20 43 55 63

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. Our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg.