CapMan Nordic Property Income Fund sells residential property in Copenhagen

CapMan Nordic Property Income Fund (CMNPI/non-UCITS) has sold Søllerødgade 15-19, a well-located modern residential property in Copenhagen.

The property, built in 2017, is located in a sought-after part of the Nørrebro area close to central Copenhagen. The fund acquired the property in 2020 and has now decided to exit the property to Danish real estate investor SF FORE.

“Søllerødgade 15-19 is a quality property in a fantastic location in Nørrebro,” said Hasse Wulff, investment director at CapMan Real Estate. “However, this type of low-yielding core residential property is not fully aligned with the long-term strategy of our Nordic Property Income Fund (CMNPI). Therefore, we decided to test the interest in the market, and are now pleased to exit the asset to SF FORE. Going forward, CMNPI plans to make new investments in stable income-generating properties which demonstrate liquidity across cycles and allow for active development of the portfolio. Greater Co