CapMan Nordic Real Estate Fund III makes 14th investment
CapMan Real Estate, on behalf of its CapMan Nordic Real Estate Fund III, has acquired a logistics development project situated in LogPoint South, a prime logistics hub 20 kilometers (12 miles) south of Jönköping city center in Sweden. This is the 14th investment for the fund.
The investment is the first greenfield logistics development project for CapMan Real Estate. The investment is made in a joint venture together with logistics development operating partner Nordsten Development. The seller is Venturi Fastigheter, a Swedish property development company. The sales price was not disclosed.
The property comprises of approximately 340,000 square meters (3.7 million square feet) of land, which can be developed into 200,000 square meters (2.2 million square feet) of prime logistics space. The property is located with strong visibility and access to highway E4, one of Sweden’s main highways. The transaction is conditional upon the zoning plan for the property gaining