CapMan Real Estate Press release
7 February 2020 at 02.00 p.m. CET
CapMan Nordic Real Estate II signs agreement with the Swedish Police to lease in excess of 30,000 sqm of space in Eskilstuna, Sweden
CapMan Nordic Real Estate II fund has entered into an agreement with the Swedish Police to lease more than 30,000 sqm of space on a long-term basis at its Vintergatan 19 property in Eskilstuna for a new police station.
CapMan acquired the 63,000 sqm Vintergatan 19 property in March 2018, which sits on a site of 6.5 hectares on Kungsgatan 71 in central Eskilstuna. In 2019, the main existing tenant, ASSA ABLOY, extended its lease on 11,000 sqm for a period of 12 years. In addition to this, CapMan will now develop a modern police station at the property, which will be ready in 2024 and be of significant value to the Police Authority, its employees and the Södermanland County community.
“We are very excited to enter into a long-term agreement with the Police Authority and to develop a new facility for them. The Police Authority have for some time been searching for a good solution to meet their future needs in Eskilstuna and CapMan is delighted to assist them with this. Completion of this agreement is a major step towards achieving our business plan for the property,” comments Per Tängerstad, Partner at CapMan Real Estate.
Wigge & Partners acted for CapMan in the transaction.
CapMan Nordic Real Estate II is a €425 million fund raised in August 2017. The focus of the fund is to acquire mainly office, industrial, retail and residential properties located in established submarkets of major Nordic cities.
CapMan Real Estate has a team consisting of 40 real estate professionals in Helsinki, Stockholm, Copenhagen and Oslo. CapMan’s current real estate volume under management is over EUR 2.5 billion.
For further information, please contact:
Per Tängerstad, Partner, CapMan Real Estate, tel. +46 70 591 23 00
CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. Our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London and Luxembourg. CapMan is a signatory of the PRI since 2012 and has established the Nordic chapter of the Level 20 network that promotes diversity in the private equity industry. CapMan Plc’s shares are publicly traded on Nasdaq Helsinki since 2001. Please visit www.capman.com for more information.