Capman's latest value-add fund held its final closing at €273 M, exceeding its initial target size, with a support from a number of institutional investors across Europe and the US. The fund invests predominantly in office, retail and residential properties in established and fast-growing submarkets of major Nordic cities.

The Capman Nordic Real Estate fund has already made six investments deploying approx. 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 and two prime residential properties in central Copenhagen where the residential market is experiencing high demand.

"There are a lot of attractive investment opportunities in our key markets and we are expecting to make a number of new investments this year. Thanks to our local presence and strengthened team, we have excellent resources for value creation. We manage and develop our properties in close cooperation with our tenants," says Mika Matikainen, Senior Partner and Head of CapMan Real Estate.

Last week the Capman Nordic Real Estate fund made its latest investment commitment to the development of City Center Broen, a 29,900 sqm shopping centre in Esbjerg, Denmark. The construction of the shopping centre with approx. 70 stores will start in the spring 2015. The development project is carried out in partnership with TK Development A/S.

"The shopping centre has a unique location over the railroad tracks next to the downtown train station with excellent accessibility by car and public transportation. The shopping centre will strengthen the Esbjerg city centre and offer a premier shopping experience for a catchment area of approx. 250,000 people," comments Torsten Bjerregaard, Senior Partner at Capman Real Estate.