CapMan Hotels RE Ky fund sells 100% of its ownership in the Rantasipi Sveitsi hotel property based in Hyvinkää, Finland to Sveitsi Kiinteistörahasto Ky, which is owned by a consortium of investors established to develop the hotel. The transaction was completed on 20 September 2016.
Restel’s lease of the property came to an end in spring 2016. The new owner will convert the hotel property into a versatile centre for active travel and leisure suitable for both conference guests and families. In addition, the city of Hyvinkää and the new owner have agreed to expand the existing public swimming pool in Hyvinkää into a spa-like facility.
“The timing to sell the asset is most convenient from the fund’s perspective, as the lease has recently expired. We are very pleased that we have found an energetic new owner for Rantasipi Sveitsi, who is committed to developing this hotel and revitalising it to its full splendour, taking its colourful history into account. We believe that the project will have a positive effect on the city of Hyvinkää by increasing the attractiveness of the area,” comments Pirjo Ojanperä, Partner of CapMan Real Estate.
CapMan Hotels RE Ky fund was established in 2008 and it manages 39 hotel properties in Finland and Sweden. The fund includes, among others, the hotel properties of Crowne Plaza and GLO Hotel Art in central Helsinki.
For additional information, please contact:
Pirjo Ojanperä, Partner, CapMan Real Estate, tel. +358 50 388 3306
CapMan is a leading Nordic investment and asset management company. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. Our objective is to provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships – Buyout, Real Estate, Russia and Nest Capital – as well as our associated company Norvestia are responsible for investment activities and value creation. CapMan’s service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 professionals and assets under management of €2.8 billion.