Blackstone Real Estate to Acquire Sunseeker Resort Charlotte Harbor from Allegiant Travel Company for $200 Million

Blackstone

New York & Las Vegas – Blackstone (NYSE: BX) and Allegiant Travel Company (NASDAQ: ALGT) today announced that funds affiliated with Blackstone Real Estate have agreed to acquire Sunseeker Resort Charlotte Harbor from Allegiant for $200 million.

With 785 rooms spanning 22 waterfront acres on the Gulf Coast of Florida, Sunseeker Resort Charlotte Harbor is a brand-new resort with extensive core amenities, including multiple food and beverage concepts, two pools, a spa, a fitness center, a rooftop adult pool and bar, a championship golf course and more than 60,000 square feet of combined indoor meeting space.

Scott Trebilco, Senior Managing Director at Blackstone Real Estate, said: “The acquisition of this brand new, highly-amenitized resort demonstrates our strong conviction in hospitality and travel and the continued growth in group-oriented destinations. Allegiant has built a fantastic property and we look forward to bringing our extensive experience with large scale resorts to Sunseeker.”

“Blackstone’s extensive hospitality holdings and their execution capabilities make them the ideal counterparty for this transaction and also to help realize the full potential of Sunseeker Resort,” said Gregory C. Anderson, CEO at Allegiant Travel Company. “Furthermore, it supports Allegiant’s strategy centered around the airline and we plan to use the proceeds from the sale to repay debt and strengthen our balance sheet.”

Barclays served as financial advisor to Allegiant on this transaction.

The transaction is expected to close in the third quarter of 2025, subject to satisfying customary conditions.

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $320 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Allegiant – Together We FlyTM
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF.

Contacts
Jeffrey Kauth
212-583-5395
Jeffrey.Kauth@blackstone.com

Allegiant
702-800-2020
mediarelations@allegiantair.com

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CapMan Real Estate invests SEK 692 million in 205-unit multifamily housing development in Stockholm

Capman

CapMan Real Estate, through its third value-add fund CapMan Nordic Real Estate III (“CMNRE III”, the “Fund”), has acquired a residential development project comprising 205 rental units in Jakobsberg, Järfälla from JM. The project is expected to be completed in Q4 2027.

Located in a highly attractive micro-location with excellent access to public transportation, the site offers commuting time of under 25 minutes to central Stockholm. The area benefits from strong tenant demand and a limited supply of rental housing. Designed to meet high sustainability standards, the project will feature BREEAM certification, a minimum EPC rating of B, solar panels, EV charging stations, and aims for EU Taxonomy alignment. Tenants will benefit from a range of mobility solutions, including access to carpool, to support sustainable commuting.

“We are pleased to grow our residential portfolio in Greater Stockholm and act on compelling opportunities in the current market. With strong fundamentals and structural supply-demand imbalances, the residential sector remains a high-conviction theme for us. This project is designed to meet the growing need for high-quality, middle-income rental housing in one of Europe’s fastest-growing metropolitan areas,” says Pontus Danielsson, Investment Manager at CapMan Real Estate.

“This acquisition is fully aligned with our strategy of investing in sustainable, well-located residential assets across key Nordic growth regions. With strong local market knowledge and a robust deal pipeline, we are well positioned to continue scaling our residential platform,” adds Marcus Lotzman, Head of Transactions, Sweden at CapMan Real Estate.

The transaction is structured as a forward purchase, with closing expected upon project completion in Q4 2027. It marks the 22nd investment made by CMNRE III.

CapMan Real Estate manages approximately €5.5 billion in real estate assets, with a team of over 80 professionals based in Helsinki, Stockholm, Copenhagen, Oslo and London.

For further information, please contact:

Marcus Lotzman, Head of Transactions, Sweden, +46 70 680 60 81

Pontus Danielsson, Investment Manager, +46 70 385 58 00

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 6.4 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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Ardian finalizes the sale of its iconic Parisian Renaissance building, located in the heart of the Golden Triangle

Ardian

Ardian, a world-leading private investment firm, announces the sale of the Renaissance building, one of its iconic real estate assets, located at 26bis – 32 rue François 1er, in the Paris Golden Triangle.

Ardian had acquired this historic complex, the former headquarters of the Europe 1 radio station, in May 2018 through Ardian Real Estate European Fund I. Ardian led a major restructuring project to reposition it as a unique, modern, and exceptional mixed-use building (for both office and retail), meeting the highest market standards.

Today, Renaissance is home to international law firm A&O Shearman, which occupies high-end office space, as well as prestigious names such as world-renowned art gallery Hauser & Wirth, Japanese fashion house Issey Miyake and luxury car manufacturer Jaguar Land Rover.

“Renaissance embodies a unique product which is the fruit of a project management effort of rare complexity and exemplary execution. The inimitability of this project, both in terms of its location and the quality of its execution, makes it a benchmark in the market. It is precisely this uniqueness that gives Renaissance its remarkable liquidity, even in a core market environment where there are not currently many transactions of this scale.” Sébastien Bégué, Head of Real Estate Investment Management & Managing Director, Ardian

“The sale of Renaissance, in a European market now showing signs of recovery, is a perfect illustration of Ardian’s ability to anticipate investor expectations and enhance the value of exceptional assets. This success testifies to the unique expertise of our teams in repositioning emblematic buildings and confirms the renewed appetite of long-term investors for high-quality products.” Stéphanie Bensimon, Member of the Executive Committee, Member of the Board of Ardian France & Head of Real Estate, Ardian

ABOUT ARDIAN

Ardian is a world-leading private investment firm, managing or advising $180bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

Media Contacts

Ardian

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Atlantic Union Bank Closes Sale of Approximately $2 Billion of Commercial Real Estate Loans to Blackstone

Blackstone

Richmond, Va. & New York, June 26, 2025 – Atlantic Union Bankshares Corporation (NYSE: AUB) (“Atlantic Union”), the holding company for Atlantic Union Bank (the “Bank”), and Blackstone (NYSE: BX) jointly announced today the closing of the sale of approximately $2 billion of the Bank’s performing commercial real estate (“CRE”) loans acquired from Sandy Spring Bank to vehicles affiliated with Blackstone Real Estate Debt Strategies (“BREDS”). The CRE loan sale was contemplated and announced as part of Atlantic Union’s merger with Sandy Spring Bancorp, Inc., which closed on April 1, 2025.

“After closing our acquisition of Sandy Spring, we have been focused on integration and execution,” said John Asbury, president and CEO of Atlantic Union. “Today’s announcement is another proof point of Atlantic Union’s ability to execute and deliver on transactions that create long-term value for our shareholders. We were pleased to work with Blackstone Real Estate on this transaction, which both sides executed seamlessly. The loan sale transaction reduces our CRE concentration and frees up capacity for potential future growth.”

Tim Johnson, Global Head of Blackstone Real Estate Debt Strategies, said: “This transaction demonstrates the breadth of our market-leading platform and deep expertise providing solutions to financial institutions for their commercial real estate portfolios. With $76 billion of AUM, including the recent closing of one of the largest real estate debt funds ever, we believe we are well-positioned to access differentiated real estate credit investment opportunities on behalf of our institutional, insurance and individual investors.”

The final CRE loan pool sold by the Bank had balances totaling approximately $2 billion which were previously identified and transferred to held for sale as of April 1, 2025. The loan pool was sold in the low 90s as a percentage of par value, and the Bank retained customer-facing servicing responsibilities.

The Bank intends to use the proceeds from the loan sale to pay down certain high-cost deposits and certain other high-cost funds, as well as to add to its securities portfolio.
For Blackstone Real Estate, this transaction follows the acquisition of $20 billion of CRE loan portfolios in the last 24 months, including the acquisition of an approximately 20% stake in the $17 billion Signature Bank CRE debt portfolio and the $1 billion performing senior mortgage loan portfolio acquisition from PBB.

Morgan Stanley & Co. LLC served as sole structuring advisor to Atlantic Union and Hunton Andrews Kurth LLP acted as its legal advisor on the transaction.

Citigroup Global Markets Inc. and CBRE National Loan & Portfolio Sale Advisors acted as financial advisors to Blackstone. Gibson, Dunn & Crutcher LLP, Ropes & Gray LLP and Benesch Friedlander Coplan & Aronoff LLP acted as legal advisors to Blackstone.

About Atlantic Union Bankshares Corporation
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located in Virginia, Maryland and North Carolina. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.

About Blackstone Real Estate Debt Strategies
Blackstone Real Estate Debt Strategies (“BREDS”) is the largest alternative asset manager of real estate credit with $76 billion of investor capital under management. Serving institutional, insurance, and individual investors, BREDS originates loans and makes debt investments across global private and public real estate credit markets and across the capital structure and risk spectrum. BREDS also manages Blackstone Mortgage Trust (NYSE: BXMT), a publicly-traded commercial mortgage REIT, and is a fully integrated part of the Blackstone Real Estate platform, the largest owner of commercial real estate globally.

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements include, but are not limited to, statements regarding the loan sale, including Atlantic Union’s intended use of proceeds from the sale and the expected benefits of the sale to Atlantic Union. Such statements are often characterized by the use of qualified words (and their derivatives) such as “intend,” “may,” “will,” “potential,” “anticipate,” “could,” “should,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” and “project,” as well as words of similar meaning or other statements concerning opinions or judgment of us or our management about future events. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements. Such risks, uncertainties and assumptions, include, among others, the following: the possibility that the intended use of proceeds from the loan sale may change as a result of changes in economic conditions, market interest rates, volatility in the financial services sector, Atlantic Union’s capital position, or as a result of other unexpected factors or events; Atlantic Union’s ability to deploy the net proceeds in the manner it expects; and other factors, many of which are beyond Atlantic Union’s control.

Although Atlantic Union believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that our actual results will not differ materially from any projected future results expressed or implied by such forward-looking statements. Additional factors that could cause results to differ materially from those described above can be found in Atlantic Union’s most recent annual report on Form 10-K and other documents subsequently filed by Atlantic Union with the Securities Exchange Commission.

Investors are cautioned not to rely too heavily on any such forward-looking statements. Forward-looking statements speak only as of the date they are made and Atlantic Union undertakes no obligation to update or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Contact
Bill Cimino, 804.448.0937, Senior Vice President and Director of Investor Relations of Atlantic Union

Jeffrey Kauth, 212.583.5395, Blackstone

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Bain Capital and 11North Partners Acquire Portfolio of Open-Air Lifestyle Retail Centers in Oklahoma City

BainCapital

Classen Curve - Night Aerial

BOSTON AND NEW YORK – June 25, 2025 – Bain Capital and 11North Partners (“11North”), a retail-focused investment platform, today announced the acquisition of three open-air, lifestyle retail centers in Oklahoma City for approximately $212 million.  The private transaction was completed via an exclusive joint venture between Bain Capital Real Estate and 11North that focuses on acquiring and operating open-air retail centers throughout the U.S. and Canada.

Competitively located in the affluent and growing Nichols Hills submarket of Oklahoma City, the portfolio includes Nichols Hills Plaza, The Triangle at Classen Curve, and Classen Curve, which together comprise  nearly 40 acres of high-performing open-air lifestyle centers with occupancy rates exceeding 97%.  The properties are recognized as the go-to choice for national retailers seeking to enter the market and are among the most frequented neighborhood centers in the state.  The three centers are anchored by Whole Foods and Trader Joe’s and complemented by more than 50 unique-to-market tenants including Lululemon, Warby Parker, West Elm, Anthropologie, Sephora, and Kendra Scott, the portfolio benefits from high traffic volumes and enjoys proximity to the two largest private employers in the city – Integris Baptist Medical Center and Chesapeake Energy Headquarters.

Bain Capital Real Estate and 11North, founded by CEO Brian Harper, a 25-year real estate industry veteran with deep retail experience, formed a strategic joint venture in April 2024 to acquire open-air retail assets with a high concentration of necessity-based tenants.  At 11North, Mr. Harper is joined by several senior executives from RPT Realty, who have a long track record of working as a team to create value and transform assets.

“We believe the market opportunity today represents a compelling time to be investing in open-retail centers, an asset class which has proven resilient through multiple economic cycles and continues to benefit from attractive, long-term fundamentals, a convenience-oriented and necessity-driven consumer, and strong retail sales and tenant demand,” said Mr. Harper.  “As one of the most dominant, highest quality assets in the region, the acquisition of these three trophy assets is representative of our platform’s differentiated sourcing capabilities and deep industry relationships.  Together with the partnership and support of our partners at Bain Capital, along with our global investors, we are well-positioned to capitalize on the many opportunities ahead of us as we seek to create a high-quality portfolio of scale.”

“This portfolio’s combination of national retailers and superior demographics strongly aligns with our strategy of investing in well-located, open-air properties that serve as essential retail centers in the communities where people live and work,” said Martha Kelley, a Managing Director at Bain Capital Real Estate.  “Through Bain Capital’s more than 40 years of investing in the consumer and retail sector and our collaborative partnership with Brian and the 11North team, we have created a differentiated platform that is well-capitalized to seize the compelling open-air retail opportunity and create value for our trusted investors.”

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About Bain Capital Real Estate
Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested and committed over $9 billion of equity across multiple sectors. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world’s leading private investment firms with approximately $185 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com.

About 11North Partners 
11North Partners is a real estate investment firm focused on curating a portfolio of retail investments diversified across markets and product types. With a focus on the intersection of superior performance and bold vision, the 11North team is dedicated to redefining the traditional approach to retail real estate.

The team’s combination of deep industry expertise, retailer and owner relationships, and blue-chip institutional partners provides unique insight into the ever-evolving retail landscape and unparalleled access to deal flow. 11North seeks to deliver attractive risk-adjusted returns through unlocking value across retail verticals including real estate ownership, debt and operating company investment. For more information, visit https://www.11northpartners.com.

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CapMan Plc and CAERUS Debt Investments AG enter partnership and launch new investment area CapMan Real Asset Debt

Capman

CapMan Plc and CAERUS Debt Investments AG enter partnership and launch new investment area CapMan Real Asset Debt

CapMan Plc (“CapMan”) and CAERUS Debt Investments AG (“CAERUS”) have today signed an agreement where CapMan acquires 51 per cent of the shares of CAERUS from the company’s current shareholders.

CAERUS is a leading manager for real estate debt investments in Germany and one of the pioneers in the market. With its long presence in the market and strong track-record, CAERUS has demonstrated its expertise in sourcing and selecting attractive investment opportunities for institutional investors. With a team of 12 investment professionals, CAERUS offers tailored real estate debt financing across nearly all real estate segments with a focus on the DACH and Benelux regions. Since its inception in 2014, CAERUS has raised in total EUR 2.6 billion and today has seven active funds, with some EUR 700 million of assets under management.

CapMan is a leading Nordic private asset expert with a focus on real asset investments and an active approach to value creation. CapMan currently has EUR 6.4 billion in assets under management spanning real estate, infrastructure, natural capital and private equity. CapMan has 200 employees across seven offices in the Nordics, London and Luxembourg. The largest investment area, CapMan Real Estate has a team of more than 80 investment professionals and asset managers that manage funds and mandates across value-add and specialised income strategies with total assets under management of EUR 3.5 billion.

With the partnership CapMan establishes a new investment area CapMan Real Asset Debt, which complements the existing real estate, infrastructure and natural capital investment areas and further strengthens CapMan’s focus on real asset investments. The partnership is aligned with CapMan’s growth strategy and supports the strategic objective of reaching EUR 10 billion of assets under management through scaling existing real asset funds, launching new products and targeted acquisitions.

The market for private real asset debt is large and well-established with an attractive growth outlook. Private real estate debt offers competitive solutions for borrowers in complex situations when e.g. bank financing is limited or unavailable. For institutional investors it is an attractive asset class with several benefits such as stable yield, downside protection, diversification and attractive risk adjusted returns.

“This is a significant step for CapMan that further strengthen our focus on real asset investments and expands our presence to Germany. Real asset debt is a natural addition to our existing offering and an area where we see increasing demand and investor interest. I’m impressed with CAERUS’ extensive experience in the area, and excited to join forces with founder and CEO Michael Morgenroth and his team. They have a demonstrated ability to deliver sustainable returns to their investors over the cycles and an entrepreneurial mindset to developing their business. These are values that align with those of CapMan perfectly,” says Pia Kåll, CEO of CapMan.

“The whole CAERUS team is thrilled to partner with CapMan and look forward to this next chapter. CapMan’s platform and strong presence in the Nordics especially within real estate provides us access to asset management resources and local market understanding that offer interesting expansion opportunities. At the same time, we can support CapMan’s investment teams with local knowledge of the DACH and Benelux regions. By pooling our expertise, we are further expanding our market position in continental Europe and enabling our clients to benefit from this stronger market presence,” says Michael Morgenroth, founder and CEO of CAERUS.

At closing of the transaction Michael Morgenroth will be appointed to CapMan’s Management Group as Managing Partner for Real Asset Debt investment area.

The acquisition is expected to be completed during the third quarter of 2025 after customary closing conditions have been fulfilled.

For more information, please contact:

Charlotte Wessman, CapMan Head of Communications, +46 734 290832

About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation and 6.4 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. Learn more at www.capman.com.

About CAERUS
CAERUS Debt Investments AG (CAERUS), founded in 2012 and based in Düsseldorf, is the leading independent provider of institutional real estate debt investments in continental Europe. CAERUS is one of the pioneers in the real estate debt market segment and finances real estate projects and transactions in continental Europe with a focus on the DACH region and the Benelux countries. As an investment advisor, CAERUS acts for Luxembourg-based multi-investor funds as well as for individual mandates and offers institutional investors attractive access to real estate debt investments, taking into account their specific regulatory requirements. To date, CAERUS has launched seven real estate debt funds, which have received around EUR 2.6 billion in capital commitments from institutional investors and financed a loan volume of around EUR 2.7 billion. The team’s extensive expertise and many years of experience in the areas of financing and real estate investment make CAERUS a reliable and trustworthy partner for institutional investors and borrowers alike. www.caerus.ag

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CapMan Real Estate welcomes Rexel as the first tenant in a state-of-the-art logistics facility in Mölnlycke

Capman

CapMan Real Estate welcomes Rexel as the first tenant in a state-of-the-art logistics facility in Mölnlycke

CapMan and Panattoni have signed a lease agreement with Rexel, marking the first tenancy in their joint logistics project in Mölnlycke. The property is strategically located near Gothenburg city center, Landvetter Airport, and the Port of Gothenburg, offering modern and sustainable facilities spanning a total of 43,000 m², of which Rexel will lease approximately 21,000 m².

At the beginning of the year, CapMan Real Estate, together with Panattoni, acquired Mitsubishi Logisnext’s former industrial property in Mölnlycke. Since taking possession in March, demolition work has been underway with a strong focus on reuse and sustainability. Now, just three months later, it has been confirmed that Rexel, one of the world’s largest distributors of electrical supplies, will be the first tenant, leasing nearly half of the new logistics facility.

“Securing a tenant like Rexel at such an early stage is a significant milestone and a testament to the strength of our offering. The property’s strategic location in Mölnlycke, close to the Port of Gothenburg and Landvetter Airport, provides unique logistical advantages and creates optimal conditions for the logistics of tomorrow,” says Mathias Ljungberg, Investment Director at CapMan Real Estate Sweden.

CapMan Real Estate actively works to reduce carbon emissions and develop climate-smart properties. The goal is to recycle at least 90% of all waste and reuse materials wherever possible. The new logistics facility is being developed to achieve BREEAM certification at the “Outstanding” level, the highest environmental certification available on the market, as well as Energy Class A. This ensures exceptional energy efficiency, benefiting not only the environment but also reducing operating costs for tenants.

“We are very much looking forward to moving into a future-proofed facility. The fact that the building will be certified according to the highest levels of the BREEAM environmental certification program is extremely important to us—it aligns perfectly with our sustainability efforts,” says Peter Sedin, Logistics Director at Rexel.

The new logistics facility in Mölnlycke is being developed to meet future demands for logistics and sustainability. The property is flexible and can accommodate between one and six tenants, featuring modern solutions such as dual loading yards, energy-efficient systems, and spaces for offices and staff amenities. Through smart material choices and high energy efficiency, the facility contributes to both environmentally friendly operations and reduced costs for tenants. Move-in is scheduled for summer 2026.

For more information, please contact:

Mathias Ljungberg, Investment Director at CapMan Real Estate Sweden, +46 070 989 4916

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €6.4 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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CapMan Real Estate and Vander form joint venture to redevelop Kristian Augusts gate 10 in central Oslo

Capman

CapMan Nordic Real Estate III Fund and Vander have entered into a joint venture to co-own and redevelop Kristian Augusts gate 10 (KA10), a centrally located property in Oslo with excellent public transport connections.

The surrounding area has undergone significant revitalisation in recent years, including university expansions, the development of a tech innovation hub, new office developments, and enhanced retail, dining, and cultural offerings. KA10 will be transformed into high-quality serviced apartments, with Vander securing a long-term lease upon completion.

KA10 is currently an office property comprising approximately 2,500 m² across five above-ground floors and one underground level. The surrounding area is undergoing significant transformation, increasing its appeal through a more diverse range of uses and higher foot traffic. The property benefits from excellent connectivity, with subway, bus, and tram lines just metres away.

The joint venture plans to refurbish, extend, and reposition KA10 into high-quality serviced apartments. A long-term lease has been secured with Vander upon completion.

“We look forward to redeveloping this asset, creating a modern and attractive apartment hotel that further enhances urban living in the heart of Oslo,” shares Jens Henrik Larsen, Investment Director, CapMan Real Estate.

The €564 million CapMan Nordic Real Estate III Fund was established in 2020 and focuses on commercial real estate investments across the Nordics. CapMan Real Estate manages approximately €5.5 billion in assets, with a team of over 80 professionals based in Helsinki, Stockholm, Copenhagen, Oslo, and London.

For more information, please contact:

Jens Henrik Larsen, Investment Director, CapMan Real Estate, jens.larsen@capman.com, +47 950 34 844

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 6.4 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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CapMan Real Estate signs major office lease agreement in Oslo

Capman

CapMan Nordic Real Estate III fund has signed a landmark 17,600 sqm lease agreement with a 15-year maturity with Visma, securing the entire office premises at Sørkedalsveien 6 in Oslo. The asset will undergo a full-scale renovation with a strong focus on sustainability, with completion expected in late 2027.

CapMan acquired the 18-storey landmark office building, originally built in 2001, in late 2022, anticipating the departure of the previous tenant. Over the past 18 months, the project has undergone a comprehensive design phase to reposition the iconic building as a high-quality, full-service, and sustainable* office destination. Once completed, the property will serve as Visma’s new global headquarters.

Visma is a leading provider of mission-critical business software, including solutions for accounting, payroll, invoicing and tax. As of 2024, Visma reported revenues of €2.8 billion with over 16,000 employees globally.

The renovation work will be guided by an ambitious sustainability strategy, aiming to transform the property into a benchmark for sustainable* office refurbishments. Key upgrades include the expansion of the ground floor to create a more welcoming and accessible environment for tenants and visitors, a new facade, upgraded technical systems, and unique tenant spaces. The building’s energy classification will be significantly improved—from EPC E to EPC A—and the project is targeting a BREEAM-NOR Excellent certification. Construction is already underway, with Insenti serving as the project management advisor.

“We are truly honoured to partner with Visma on this landmark project. Securing the lease agreement ahead of construction start for the entire building marks a significant milestone. It reflects both the strength of our project vision and the enduring appeal of Majorstuen as a premier office location,” says Andreas Wang, Investment Director at CapMan Real Estate.

“This lease agreement is a testament to the flight to quality and the continued demand for sustainable, modern office space in prime locations,” said Magnus Berglund, Head of Sweden & Norway at CapMan Real Estate.

*The project aligns with the EU Taxonomy’s technical screening criteria for substantial contribution to climate change mitigation through the renovation of existing buildings (7.2). Upon completion, it will also meet the criteria for substantial contribution to climate change mitigation through the acquisition and ownership of buildings (7.7).

For more information, please contact:

Magnus Berglund, Head of Sweden and Norway, CapMan Real Estate, magnus.berglund@capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 6.4 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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WEAVE LIVING and KKR Build on Strategic Partnership with Acquisition of Portfolio of Residential Properties in Prime Central Tokyo

KKR

Over 240 new units in upscale Tokyo locations set to open from Autumn 2025

TOKYO–(BUSINESS WIRE)– WEAVE LIVING, Asia-Pacific’s pre-eminent living sector specialist, and KKR, a leading global investment firm, today announced the signing of definitive agreements to acquire six properties in prime Tokyo locations. The move builds on the continued momentum of the Weave Living Japan Residential Venture I (“WLJRV I”) strategic partnership between WEAVE LIVING and KKR. With the latest acquisitions, the strategic partnership has grown its portfolio to 17 properties within the first six months of its establishment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250609398797/en/

Three of these new acquisitions are located in Tokyo’s upscale Minato ward neighbourhoods of Roppongi, Minami Azabu and Shirokane. WEAVE LIVING will also introduce its premium WEAVE RESIDENCES brand as part of its Roppongi and Minami Azabu offerings, featuring luxurious, metropolitan living in spacious, fully furnished family-friendly homes, complete with modern decor, and thoughtful design finishes. These homes will help meet growing demand by discerning executives seeking an elevated living experience in the supply-constrained Minato area.

The remaining locations will expand the WEAVE PLACE brand, offering beautifully designed private apartments with various furnished options catering to the respective needs of a diverse tenant base including local professionals, expatriates and corporates. Under these plans, more than 240 fully-furnished luxury rental properties are expected to be ready starting from fall 2025.

“As part of our steady growth in the Japan market and across Asia-Pacific, we are thrilled to expand our collaboration with KKR and our Japan-based offering to six new locations that are extremely desirable even by Tokyo standards,” said Sachin Doshi, Founder and Group CEO of WEAVE LIVING. “Also factoring in the planned Japan debut of our WEAVE RESIDENCES brand, this is a further demonstration of our commitment to offering an ever-wider selection of living options to renters at various life stages, with an emphasis on the distinctive attractiveness of each of the fantastic locations that make up our expanded portfolio in Tokyo.”

Kensuke Kudo, Managing Director, Real Estate, KKR, said, “We are proud of the strong momentum that our strategic partnership with WEAVE LIVING has achieved in a short span of time. This expansion underscores our conviction in the long-term fundamentals of Japan’s residential sector and ability to deliver high-quality, differentiated offerings to meet the evolving residential needs of corporates and executives in Japan. We look forward to continued collaboration with Sachin to scale this promising platform.”

KKR is making its investment from its Asia real estate strategy. The transaction adds to KKR’s continued activity and momentum in Japan’s real estate sector across different real estate investment strategies, including KJR Management, a leading Japanese real estate manager that oversees two J-REITs; hospitality and office assets across Japan; and a portfolio of multifamily properties in Tokyo.

A full overview of WEAVE LIVING’s existing Tokyo locations can be found on the recently revamped WEAVE LIVING website, along with details on a unique rental offering that includes flexible lease periods; transparent payment plans inclusive of all Wi-Fi and utilities; a fully digital-first leasing experience; tenant support via the proprietary WEAVE LIVING mobile app; and a welcome respite from prohibitive up-front charges typical in the Japanese multi-family rental market.

Leasing enquiries
Tel: (+81) 03-6262-5628
Email: live.jp@weave-living.com

Existing locations: Weave Place – Shinkamata, Weave Place – Kanda East, Weave Place – Asakusa South, Weave Place – Asakusa Kaminarimon, Weave Place – Ueno South, Weave Place – Waseda Park, Weave Place – Higashi-Koenji, Weave Place – Monzennakacho, Weave Place – Morishita, Weave Place – Ryogoku, Weave Place – Kunitachi

For full details of property lineup and available units, and to request viewings, please visit https://www.weave-living.com/en/jp/

About WEAVE LIVING
Weave Living is a leading provider of urban rental accommodation in key gateway cities throughout Asia Pacific. Since its founding in 2017 by Sachin Doshi, Weave has reimagined renting a home in big cities so more people can live their best life, wherever they are on their adventure. Weave currently offers four unique living options that cater to a diverse range of modern lifestyles: luxurious Weave Residences; fully serviced Weave Suites; self-contained Weave Place; and social co-living Weave Studios. Each class-leading home combines modern aesthetics, superior finishes, and a fully tech-enabled experience together with superior comfort and flexibility in the best urban locations. At present, Weave owns and manages residential properties in Hong Kong, Singapore, Japan, and South Korea, with more on the way.

Weave Living
Website: https://www.weave-living.com/en/jp
Instagram: @liveatweave
Facebook: @liveatweave

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media Enquiries
This press release is disseminated by Kyodo PR on behalf of Weave Living. For more information or for interview opportunities, please contact:

David McMahon (English)
Email: davidhoward.mcmahon@kyodo-pr.co.jp
Tel: (+81) 080-8914-9376

Aya Asoshina (Japanese)
Email: a-asoshina@kyodo-pr.co.jp
Tel: (+81) 070-4303-7299

For KKR:
Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com

Source: KKR

 

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