Capman Nordic Real Estate I Fund purchased the property in 2017. At acquisition, the 12,096 sqm property was leased to ten tenants including the the City of Stockholm’s Education Department as the main tenant. Since acquisition, CapMan has formalized the zoning at the property for longer term school use and expanded the school area as well as extended the duration of the school lease and improved the rental terms.

“We invested in Vinsta as it is a fast-growing suburb with increasing demand from schools and businesses. The area has undergone very positive changes and will benefit further from the opening of the Stockholm Bypass in the coming years with Vinsta being one of the key entry / exit junctions on the bypass. Having completed many value-add activities at the property, we are now pleased to sell to a strong and long-term owner of school properties who we have cooperated with successfully in the past,” comments Per Tängerstad, Partner at Capman Real Estate.

Skutkrossen is the thirteenth exit of the CapMan Nordic Real Estate I Fund. The focus of the EUR 273 million fund was to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. CapMan is currently raising its third value-add Nordic fund.