CapMan Real Estate and CASA joint venture invests in Copenhagen
CapMan’s new value-add real estate fund CMNRE III has acquired a property on Lindevangs Allé 8-12, Frederiksberg, in a joint venture with property developer CASA. The transaction marks the start of a cooperation between CapMan and CASA focused on transforming and developing outdated properties into modern office space.
CapMan and CASA acquired an outworn property in the heart of Frederiksberg, part of the City of Copenhagen, which will now undergo a major transformation.
“In recent years, we have worked with a number of transformation projects where the starting point has been well-located properties with significant development potential. For years, this property has been used for educational purposes, and it is now our plan to convert it to its original use as office space. We see potential in creating an attractive and modern office environment, which further adds to the appeal of the area,” said Hasse Wulff, investment director at CapMan Real Estate.