Nordic fund exceeds equity target

Helsinki-headquartered CapMan Real Estate announced the final closing for its latest value-add fund with total equity of €273 million ($294.1 million), exceeding its initial equity target size.

CapMan Nordic Real Estate Fund launched in 2013 with a €250 million ($269.28 million) equity fundraising target. It will be invested predominantly in office, retail and residential properties in major Nordic cities.

CapMan Nordic Real Estate fund has started to make investments, deploying one-third of its total capital. The investments include office buildings Silverdal I, Apelsinen 4 and Bergshamra Bro in fast-growing and well-connected office areas in northern Stockholm and the Plaza Presto office building in Finland close to the Helsinki-Vantaa airport. Furthermore, the fund has acquired nine properties on Amagerbrogade, Copenhagen’s prime shopping street, and two prime residential properties in central Copenhagen where the residential market is exper