CapMan Real Estate has held a €425 million ($508 million) final close for its second pan-Nordic value-add fund, the CapMan Nordic Real Estate II Fund.
With leverage, CMNRE II has an investment capacity of more than €1 billion ($1.2 billion) to be invested primarily across the office and residential sectors in the Nordic region.
The new fund may also selectively invest in other real estate sectors that are supported by accelerating urbanization, demographic change or other potential macro-works.
The new fund received commitments from 30 investors from the Nordic countries, Europe and the United States.
