The CapMan Nordic Real Estate III fund has purchased four office properties located in the midtown Helsinki neighborhoods of Pasila, Vallila and Kalasatama from Goldman Sachs Asset Management and Cromwell Property Group.
CapMan aims to modernize the spaces and improve the energy efficiency of the assets. The assets complement the existing value-add strategy of the fund.
The assets have a total leasable area of 35,000 square meters (376,740 square feet) and are located in vibrant and accessible midtown office areas of Helsinki. The central locations combined with unbeatable public transport connections make the assets very attractive to prospective tenants: Pasilanraitio 5 is located adjacent to the Tripla shopping center and certain key transit connections; Kumpulantie 3 is located in Vallila, close to Pasila; Elimäenkatu 26 is located in the heart of Vallila; and Vanha Talvitie 11 is located in the fast-growing Kalasatama area, which is located close to the metro sta
