The approx. 14,000 sqm property is situated in Avedøre Holme, a mixed industrial and commuter suburb to Copenhagen. The property is fully let with a long lease agreement to the seller Intermail A/S, a Danish publicly listed communications company. The property is located close to the E20 highway, which provides easy access to Kastrup Airport and Copenhagen city centre.
“The Danish market provides many opportunities in line with CapMan Nordic Property Income fund’s cash flow focused investment strategy. We are very pleased with this acquisition and the continued co-operation with Intermail. The flexible layout of the property combined with its logistics capabilities are attractive for potential future tenants. The excellent location and good income outlook make it a perfect fit for the CapMan Nordic Property Income fund,” says Sampsa Apajalahti, Investment Director and Fund Director of CapMan Nordic Property Income Fund.
CapMan Nordic Property Income Fund (non-UCITS) is an open-ended special investment fund which 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. CMNPI 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 acquisition of Stamholmen 70 is the fund’s fifth transaction and its second in Denmark.