Capman launches €200m fund, acquires first asset

Capman Real Estate has launched a €200 million fund ($245 million), CapMan Nordic Property Income Fund (non-UCITS).

The firm aims to raises more than €200 million of equity during the first two years of its operations.

non-UCITS is an open-ended special investment fund that accepts new subscriptions on a quarterly basis. The fund focuses on stable income generating properties in the largest and most liquid Nordic cities with solid long-term growth fundamentals. non-UCITS fund targets mainly offices and necessity-driven retail assets. In addition, the fund will also invest in other real estate sectors providing stable and predictable income.

The Northern European fund manager acquired an office and light industrial property in Skovlunde, Copenhagen, on behalf of its newly launched fund. The 136,000-square-foot office and light industrial property is located in Skovlunde, Copenhagen, an industrial suburb. The seller in the sale and leaseback transaction was Co