Tag Archives: Real estate

Ardian signs an agreement to acquire a majority stake in Casaforte, Italy’s leading self-storage operator, a further step in the creation of a pan-European platform in the sector

Ardian

With this acquisition Ardian’s total investment in the self-storage sector in Italy and France exceeds €300 million, with the aim of achieving diversified geographic exposure and scalable growth
• Another €200 million of investments are planned to support expansion across Europe, with a primary focus on Spain and Germany
• Italy represents one of the fastest-growing markets, offering attractive consolidation opportunities

Ardian, a global private investment firm, announces that it has signed an agreement to acquire a majority stake in Casaforte S.p.A., a market leader in the Italian self-storage sector.

The transaction represents a significant step in Ardian’s strategy to build a scaled, pan-European self-storage platform by consolidating a highly fragmented sector driven by favorable long-term structural trends. Since launching the strategy in 2023, Ardian has already invested €300 million in self-storage. In addition to Casaforte, it has acquired two platforms in France (Costockage and Atout-Box), focused on urban areas characterized by strong demographic growth and increasing demand for new space. The objective is to invest at least a further €200 million in the coming years, with a primary focus on Spain and Germany.

In Italy, Ardian has invested in the sector’s leading player, widely regarded as the pioneer of temporary storage solutions. Casaforte offers significant growth potential in a market that has the lowest self-storage space per capita in Europe and the lowest level of sector awareness, with only 12% of the population familiar with the concept.

Casaforte operates 24 facilities nationwide, representing approximately 80,000 square meters of total space. The portfolio is predominantly concentrated in Northern Italy, with a strong presence in key metropolitan areas such as Milan, Turin, Genoa, Bologna, as well as a presence in Rome.

The company’s success is built on an experienced management team, led by its visionary founder and Chairman, Cesare Carcano, who will continue to play a key role in Casaforte’s development.

“This transaction confirms Ardian’s commitment to strengthening the European dimension of its self-storage strategy. We are particularly focused on Southern Europe, where Italy and Spain continue to show significantly lower penetration rates compared to more mature markets, despite benefiting from the same structural trends – urbanization, mobility and shrinking living spaces. It is precisely this gap between potential demand and existing supply that represents one of the most compelling value creation opportunities in the sector today. We are currently exploring a number of high-potential opportunities in Spain, where discussions are already well progressed, while also considering potential opportunities in Germany that will enable us to further advance our continental growth strategy”. Rodolfo Petrosino, Head of Real Estate Southern Europe & Senior Managing Director, Ardian

“We are proud of this transaction, which is strategically significant for us and accelerates the execution of our European growth plan. We are confident that the experience of the management team, combined with our strategic and financial support and international network, will further strengthen Casaforte’s leadership in the Italian market. We see strong potential for organic growth and selective acquisitions, while preserving the entrepreneurial culture and deep local market expertise that have underpinned the operator’s success to date”. Matteo Minardi, Head of Real Estate Italy & Managing Director, Ardian

“Ardian’s investment marks a key strategic milestone in Casaforte’s growth journey. Over the years, we have built a strong platform with a clear leadership position in the Italian market and a distinctive operating model based on service quality, innovation and deep local market expertise. Partnering with Ardian will enable us to further accelerate the company’s development, strengthen our presence in major urban centers and seize new expansion opportunities, including through targeted acquisitions”.  Cesare Carcano, Founder and Chairman, Casaforte

List of participants

  • Ardian

    • M&A and Debt Advisory: Mediobanca
    • Legal & Tax: Chiomenti
    • Financial DD: Deloitte
    • Technical: Ryze

  • Casaforte

    • M&A: Ethica Group
    • Legal: Advant NCTM

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

ardian.com

ABOUT CASAFORTE

Casaforte is recognized for its ability to anticipate and address the evolving space needs of both individuals and companies, offering flexible, secure and easily accessible solutions. Through an integrated operating model and disciplined asset management, Casaforte develops and manages modern, functional self-storage facilities designed to meet both temporary and long-term needs.
A strong focus on service quality, operational efficiency and customer experience lies at the heart of Casaforte’s strategy, with the aim of creating sustainable long-term value and contributing to the development of the sector at both local and national levels.

Casaforte.it

Media contacts

Ardian

HEADLAND

ardian@headlandconsultancy.com

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KKR and Puma Property Finance Form Strategic Joint Venture of up to £500m to Expand UK Living Sector Lending

KKR

Joint venture will target loans of £20m to £75m to fund best-in-class projects in the residential, BTR and PBSA sectors

9 March 2026, LONDON –KKR, a leading global investment firm, and Puma Property Finance (“Puma”), a specialist UK real estate lender, today announced the formation of a joint venture between Puma and private credit funds, clients and accounts managed or advised by KKR to provide up to £500 million in senior development and stabilisation loans to fund best-in-class residential, Build-To-Rent and student accommodation schemes, providing scaled access to capital in undersupplied UK housing markets.

The joint venture combines Puma’s established origination platform and track record in UK real estate lending, with KKR’s scale, institutional structuring capabilities and global credit expertise. The platform will be supported by a senior credit facility provided by a major international bank.

The three-year forward-flow partnership will target loans of £20 million to £75 million in the UK living sector, including build-to-rent, build-to-sell and purpose-built student accommodation. The platform is designed to support experienced developers delivering high-quality projects in supply-constrained markets.

Since inception in 2012, Puma Property Finance has provided approximately £2 billion of UK real estate-backed loans and has developed longstanding relationships with sponsors across the residential and student accommodation sectors.

The newly formed strategic partnership will enable Puma to expand its capacity in the £20 million-plus loan segment, where demand for institutional capital continues to outpace supply. It also illustrates the enduring appeal of the UK living sectors, which attracted investment of £12bn throughout 20251. Demand for funding is reflective of the continued shift towards non-bank lenders in UK development finance, which together accounted for 57% of all commercial development lending last year2.

“We are pleased to work with Puma Property Finance to scale access to institutional capital in the UK residential development market,” said Anirban Ghosh, Managing Director at KKR. “We believe this platform is well positioned to support experienced developers delivering much-needed housing across the country, combining Puma’s local expertise and origination capabilities with KKR’s global credit platform and disciplined underwriting approach.”

Puma’s specialist development lending team will be responsible for sourcing, underwriting and managing the loans on behalf of the joint venture, working alongside KKR’s global credit platform, which will provide institutional capital, structuring expertise and investment committee oversight. The strategic partnership with KKR caps a stellar last 12 months for Puma, which saw it exceed £2 billion of loans provided to date, as well as announcing the first close of Puma Real Estate Secured Credit Fund.

Paul Frost, Managing Director of Puma Property Finance, commented:

“We are delighted to be working with KKR. KKR’s global standing is second to none, and their backing is a clear endorsement of the strength of the business we have built at Puma, as well as the robust demand for UK real estate credit among global allocators of capital.

“This new joint venture provides our origination teams with access to attractively priced, scalable capital to support best-in-class developers across the UK living sectors. It complements our existing capital lines well and means we can support more high ‑ quality developments with the service levels, flexibility and human touch that people have come to expect from Puma.”

Puma was advised by Ashcombe Advisers and Greenburg Traurig.

-END-

Notes to Editors:

Sources:

1 CBRE UK Living Investment Figures Q4 2025

2 LESSEL (English)

Media contact

Mark Dixon, Puma Property Finance

mark.dixon@pumacapitalgroup.co.uk | +44 (0)797 746 8870

Emma Black, KKR

kkrpr-uk@kkr.com

About Puma Property Finance

Puma Property Finance provides reliable and flexible funding solutions to experienced property professionals across the UK, delivering loans of £10 million to £100 million (with potential to lend more by exception). Puma has a strong track record in the living sectors as well as operational real estate including care homes, student accommodation and hotels.

Find out more: www.pumapropertyfinance.co.uk

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.

Disclaimer

Any reference to lending is to the loans made by the clients of Puma Property Finance Limited that conduct unregulated lending, including Heritage Square Limited, Oasis Lending LLP and PRESC LendCo I S.à.r.l. Puma Property Finance Limited supports these clients in the origination, execution, and monitoring of such loans.

Puma Property Finance Limited is a private limited company registered in England and Wales under Company number 11685426. Registered office address: Cassini House, 57 St James’s Street, London SW1A 1LD. Puma Property Finance Limited is not authorised or regulated by the Financial Conduct Authority, (“FCA”). Puma Property Finance Limited activities do not constitute regulated investment business. As such, clients of Puma Property Finance Limited will not be afforded the protections available under the rules of the FCA and will not be eligible for compensation under the rules of the Financial Services Compensation Scheme (“FSCS”).

 

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EQT Real Estate acquires portfolio of 25 logistics properties across major U.S. distribution corridors from Mapletree

eqt

East Coast Image

  • Portfolio includes 25 infill industrial assets totaling more than 4.3 million square feet 
  • Assets span high-growth logistics hubs along I-95, I-81, I-10 and other key transport infrastructure 
  • Investment reflects EQT Real Estate’s conviction in mission-critical logistics assets and confidence in the industrial sector’s long-term demand fundamentals 

EQT Real Estate is pleased to announce that the EQT Real Estate Industrial Value Fund VI (”EQT Real Estate”) has acquired a 25-property logistics portfolio spanning 4.3 million square feet across key U.S. industrial markets including Jacksonville, Nashville, Richmond, Atlanta, New York City, New Jersey, Pennsylvania, and South Florida, from Mapletree Investments. The assets are located in dense, infill submarkets along major transport corridors such as I-95, I-81 and I-10. 

The properties feature an average clear height of 28 feet and low office finish, making them ideally suited for logistics operations. The portfolio offers a blend of single-tenant and multi-tenant layouts and includes both shallow bay and bulk warehouse formats. Most properties are within minutes of major population centers and highway interchanges, enhancing delivery efficiency. 

The acquisition underscores EQT Real Estate’s continued conviction in U.S. industrial real estate and its strategy of investing behind assets in supply-constrained locations with significant embedded upside. EQT Real Estate plans to deploy its hands-on approach to active management through targeted leasing initiatives, site improvements, and selective redevelopment as it seeks to drive long-term value across the portfolio. 

Matthew Brodnik, Chief Investment Officer at EQT Real Estate, said: “This investment reflects our high-conviction, thematic approach to investing in infill logistics across the U.S., where we see strong long-term demand for well-located industrial assets. We believe the portfolio serves as a compelling addition to our U.S. logistics platform and look forward to building on the portfolio’s strong fundamentals through our active ownership approach.” 

EQT Real Estate would like to thank John Hugenard of JLL, who advised the seller in the transaction. 

Contact
EQT Press Office, press@eqtpartners.com 

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About EQT Real Estate

EQT is a purpose-driven global investment organization with EUR 270 billion in total assets under management (EUR 141 billion in fee-generating assets under management) as of 31 December 2025, divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $58 billion in GAV, owns and operates over 2,000 properties and 400 million square feet, with over 400 experienced professionals across 50 locations globally. 

More info: www.eqtgroup.com
Follow EQT Real Estate on LinkedIn 

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CapMan Residential Fund acquires 409-unit rental residential property in Stockholm

Capman

CapMan Real Estate, through CapMan Residential Fund (“CMRF”, the “Fund”), has signed an agreement with Slättö to acquire a high-quality, 409-unit multifamily property located in Barkarby, Stockholm.

Completed in 2025, the property comprises 409 residential units across 17,668 m², complemented by commercial premises of 679 m² and an underground parking garage. The property is strategically located directly adjacent to the existing commuter rail station and the new Barkarby metro station, an extension of the Stockholm Metro Blue Line, scheduled to open in late 2027. This places the property at the center of Northern Stockholm’s main transport hub, offering excellent connectivity across the Stockholm region. Once opened, the metro extension will fully integrate Barkarby into the Stockholm subway network, further enhancing accessibility and long-term attractiveness.

The property meets high sustainability standards and holds Nordic Swan Ecolabel certification and is EU Taxonomy aligned.

“This acquisition is a key step in the continued growth of our Stockholm portfolio. We’re adding a substantial, high-quality asset in one of the region’s fastest-growing urban hubs. It also means securing a stabilised prime asset in a supply-constrained market where resilient demand supports a really strong long-term rental outlook,” says Pontus Danielsson, Investment Manager at CapMan Real Estate.

“We remain focused on high-conviction opportunities across both our value-add and core residential strategies. We’re seeing strong momentum in our deal flow and continue to deploy capital into the Nordic region’s strongest urban markets. With a solid pipeline in place, we believe the current market environment offers an attractive opportunity to further scale our presence in Sweden,” adds Marcus Lotzman, Head of Transactions, Sweden at CapMan Real Estate.

Closing of the acquisition is expected in March 2026. This marks the Residential Fund’s third investment in Sweden. Since its inception in 2021, the €1.3 billion Fund has acquired 64 properties across the Nordics with over 90% of the assets in the capital cities.

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 7.2 billion euros 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, real asset debt, 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, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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Stonepeak Announces Investment in Aura Holdings

Stonepeak

SYDNEY & BRISBANE – March 1, 2026 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced an investment in Aura Holdings (“Aura”), a leading retirement village developer and operator in Queensland, Australia. Stonepeak’s investment, together with a committed development facility with senior domestic lenders, constitutes up to A$1 billion of available capital to support Aura’s extensive development pipeline and propel its next phase of growth.

Founded in 2016 by seasoned retirement sector executives Tim Russell and Mark Taylor and led by Sean Graham as CEO, Aura specializes in developing state-of-the-art retirement apartments and community facilities in highly sought-after, infill locations. To date, Aura has completed six retirement villages with nearly 800 units across southeast Queensland, with six in the near-term pipeline and more than 10 in early development. Stonepeak’s investment in Aura marks its second platform investment in Australia and New Zealand’s retirement village sector, following its acquisition of Arvida Group Limited, one of New Zealand’s largest retirement and aged care providers, in November 2024.

“We are pleased to partner with the Aura team and utilize our flexible, long-term capital to expand Aura’s development platform by executing on their significant pipeline of new retirement village projects,” said Darren Keogh, Senior Managing Director at Stonepeak. “Aura is well-positioned to serve Australia’s retirees given its premium portfolio spanning desirable retirement destinations, proven development track record, and experienced leadership team, who bring a deep understanding of what matters most to seniors.”

“We are delighted to welcome Stonepeak as our capital partner in this exciting new chapter for Aura. Stonepeak see the value in a first-class and growing operating platform,” said Aura Co-Founder Tim Russell. “Stonepeak’s investment gives Aura the runway to accelerate its strategy of adding much-needed, age-appropriate housing in areas grossly lacking suitable downsizing options for locals.”

“Stonepeak’s long-term approach to partnering and working with its portfolio companies, deep experience and relationships in the retirement sector, and clear plan for value creation give us tremendous confidence in Aura’s future. Together, we are poised to continue setting the standard in retirement living in Australia,” added Sean Graham, Chief Executive Officer of Aura Holdings.

Additional terms of the transaction were not disclosed, and the transaction has already closed.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately A$120 billion (US$84 billion) of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Aura Holdings
Aura Holdings was founded in 2016 by Tim Russell and Mark Taylor.  Focused on developing medium to high end retirement living communities on premium sites throughout South-East Queensland and Northern New South Wales, Aura is a vertically integrated retirement living platform comprising of 40 personnel with headquarters located in Brisbane, Australia.   Aura’s villages are predominantly found in metropolitan locations and/or on sporting club land.  With a pipeline growth of 2,000+apartments over the next five years, Aura has six fully operational villages and an additional development which broke ground September 2025.

Media Contacts

Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

Jack Gordon
jack.gordon@sodali.com
+61 478 060 362

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Apollo Provides $1 Billion Hybrid Capital Solution to Aldar

Apollo logo

Transaction marks Apollo’s fifth investment in Aldar and the region’s largest corporate hybrid private placement 

Builds on Apollo’s long-term strategic partnership with Aldar, with total transactions totalling approximately $2.9 billion to date

Investment to support Aldar’s transformational growth plans and capital structure optimization

NEW YORK, Feb. 20, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar Properties PJSC (“Aldar”), a leading UAE based real estate developer and investment manager. The investment builds on Apollo’s long-term strategic partnership with Aldar and represents Apollo’s fifth investment in Aldar since 2022, bringing aggregate commitments to $2.9 billion to date.

Proceeds from the investment are intended to support Aldar’s balance sheet flexibility and strength, as well as its growth agenda, which includes landbank replenishment, expansion of its develop-to-hold portfolio, and strategic acquisitions.

Apollo Partner Jamshid Ehsani said, “Completing our fifth investment with Aldar speaks directly to Apollo’s ability to structure flexible capital solutions that are responsive to the needs of both our corporate clients and our investors. Since our first transaction in 2022, Aldar has gone from strength to strength, with robust performance and portfolio expansion overseen by an experienced management team. This latest investment reflects Apollo’s continued commitment to Abu Dhabi and the broader region.”

Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar, said: “This transaction highlights the strength of our long-standing partnership with Apollo and the continued confidence of major institutional investors in Aldar’s strategy, financial management and growth trajectory. The issuance provides Aldar with long-term, flexible capital that enhances balance sheet resilience and supports our ability to capitalise on attractive opportunities across our core markets. Importantly, it elevates Aldar’s share of stable, recurring income generated by AIP’s high quality, diversified portfolio, which will continue to expand through acquisitions and our substantial develop-to-hold pipeline that is now valued at close to $5 billion.”

The transaction is among the largest-ever foreign direct investments in Abu Dhabi’s private sector and the largest corporate hybrid private placements in the region.

It also marks the latest transaction for Apollo’s High Grade Capital Solutions business, which serves as a capital partner to many leading global companies. Apollo believes its ability to provide customized, long-dated investments is reinforced by the number of its repeat clients, having provided multiple large-scale solutions for Aldar, BP, Sony, Vonovia, Air France and the Adani-backed Mumbai Airport.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.

Apollo Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

About Aldar

Aldar is the leading real estate developer, manager, and investor in Abu Dhabi, with a growing presence across the United Arab Emirates, the Middle East North Africa, and Europe.

The company has two core business segments, Aldar Development and Aldar Investment.

Aldar Development is a master developer of a 60 million sqm strategic landbank, creating integrated and thriving communities across Abu Dhabi, Dubai, and Ras Al Khaimah’s most desirable destinations. The delivery of Aldar’s developments is managed by Aldar Projects, which is also a key partner of the Abu Dhabi government in delivering housing and infrastructure projects across the UAE’s capital. Internationally, Aldar Development wholly owns UK real estate developer London Square, as well as a majority stake in leading Egyptian real estate development company, SODIC.

Aldar Investment houses a core asset management business comprising a portfolio of more than AED 49 billion worth of investment grade and income-generating real estate assets diversified across retail, residential, commercial, logistics, and hospitality segments. It manages four core platforms: Aldar Investment Properties, Aldar Hospitality, Aldar Education, and Aldar Estates.

For more information on Aldar please visit www.aldar.com or follow us on:

https://www.instagram.com/aldar/?hl=en

https://www.linkedin.com/company/110553/admin/feed/posts/

https://x.com/aldartweets?lang=en

Aldar Contacts

Obaid Al Yammahi
Aldar Properties
+971 2 810 5555		 Sarah Abdelbary
Brunswick
+971 2 234 4600
aldar@brunswickgroup.com

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Bain Capital and BlueWater Marinas Acquire Bayside Marine in Duxbury, MA

BainCapital

BOSTON & CHARLESTON, S.C. – February 13, 2026 – BlueWater Marinas (“BlueWater”) today announced the acquisition of Bayside Marine (“Bayside”), a premier full-service marina located in Duxbury, Massachusetts. Bayside represents the fifth marina acquired by Bain Capital and BlueWater as part of their joint venture.

Family-owned and operated by the Kent family since 1949, Bayside Marine has become a cornerstone of the Duxbury boating community and is supported by decades of operational excellence in one of Massachusetts’ most affluent and supply-constrained coastal markets. Situated on Duxbury Bay with direct access to Cape Cod Bay, the property serves as a premier launch point for fishing and cruising across the South Shore and greater Cape Cod region. Bayside operates as a full-service, one-stop destination for customers’ boating needs, including storage, service, and boat sales as an authorized Grady-White dealer.

Andrew Terris, a Partner at Bain Capital Real Estate, said, “Bayside represents a compelling opportunity to invest in a high-quality, full-service marina that expands our presence in the Northeast. This asset pairs well with our acquisition of Glyn’s Marine on Nantucket and reflects our strategy of building a portfolio of outstanding marina properties along the East Coast.”

Joe Miller, a Principal at BlueWater Marinas, added, “Bayside Marine is a highly respected, deeply rooted business within the New England boating community. The property’s wide scope of services, attractive location, and multi-generational legacy align well with our approach to investing in high-quality marina operations in key coastal markets. We look forward to supporting the Kents and their team in continuing to deliver exceptional customer experience as they stay on to lead the day-to-day operations of the business.”

About Bain Capital Real Estate

Bain Capital Real Estate pursues investments in often difficult-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 invested and committed over $10.7 billion of equity across multiple sectors as of September 30, 2025. 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 $215 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com.

About BlueWater Marinas

Headquartered in Charleston, South Carolina, BlueWater Marinas will acquire, develop and operate coastal marina assets, including both dry and wet slips. Established by former executives and key team members of PORT 32 Marinas and Atlantic Marina Holdings, alongside several marina industry top performers, BlueWater Marinas brings unparalleled expertise in marina development and management, delivering exceptional service to its customers. With a proven track record, BlueWater Marinas will build and operate a distinguished portfolio of Class A marina assets in prime markets along the East Coast. For more information, please visit https://bw-m

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CapMan Real Estate acquires the Kristiansand Police Headquarters from Bane NOR Eiendom

Capman

The CapMan Social Real Estate fund (CMSRE), managed by CapMan Real Estate, has entered into an agreement to acquire the Kristiansand Police Headquarters from Bane NOR Eiendom.

The property comprises approximately 17,000 sqm across nine floors and forms a key part of Bane NOR Eiendom’s Quadrum development, a major urban transformation project on the former railway area adjacent to Kristiansand Station. Once characterised by disused tracks, a large parking area and outdated office premises, the site has been reimagined as a modern, sustainable and vibrant city district.

The groundwork for the development dates to 2011, when initial plans were submitted to the City of Kristiansand, accompanied by concept sketches developed together with renowned local artist Kjell Nupen (1955–2014). His vision was to transform the station area into a welcoming gateway to the city, defined by distinctive architecture and sweeping views towards the fjord and surrounding landscape.

Fund’s first investment in Norway

The CMSRE fund, launched in 2024, focuses on modern and sustainable essential societal infrastructure across Norway, Denmark, Sweden and Finland. The acquisition of the Kristiansand Police Headquarters marks the fund’s first investment in Norway and fully aligns with its strategy. The fund is managed by CapMan Real Estate, which has been investing in Norway through its other funds since 2017.

“The acquisition of the Kristiansand Police Headquarters brings the CMSRE fund’s portfolio value to over €250 million (GAV). This growth underlines both the pace at which the fund is developing and the continued investor confidence in high‑quality social infrastructure. We see this as a strong step forward in our long-term strategy and in strengthening our presence across Nordic markets”, says Robert Feldt, Fund Director of CapMan Social Real Estate fund.

About the Kristiansand Police Headquarters

The Kristiansand Police Headquarters comprises 17,000 square metres across nine floors and includes a wide range of specialised facilities designed to support the operational needs of modern emergency services. The property is located at Vestre Strandgate 55 in central Kristiansand and was completed in the summer of 2023. The main tenants include the Police, the Directorate for Civil Protection (DSB) and the Norwegian Directorate of Immigration (UDI).

The headquarters has been developed with a strong focus on environmental performance, incorporating sustainable materials and energy‑efficient solutions throughout the building. The property currently holds an EPC B rating, with a targeted upgrade to EPC A. In parallel, we are pursuing a BREEAM In‑Use Excellent certification, further reinforcing the asset’s strong sustainability credentials and our commitment to responsible asset management.

“With its central location and long‑term relevance, Kristiansand Police Headquarters aligns exceptionally well with the CMSRE fund strategy, which focuses on modern, sustainable assets that serve essential public functions. We are pleased to deepen our presence in Norway with an asset that aligns so clearly with our commitment to societal value creation and resilient real estate,” says Jens Henrik Larsen, Investment Director at CapMan Real Estate.

A new urban hub taking shape in Kristiansand

The police headquarters was completed in 2023 and, together with an office building partly occupied by Bane NOR, forms a robust foundation for approximately 1,000 workplaces within the Quadrum district. The area has attracted a strong mix of public and private tenants, including the Norwegian Directorate of Immigration (UDI), the Directorate for Civil Protection (DSB), Capgemini, KPMG and Rambøll. Its strategic location at the intersection of train, bus, ferry and road connections further strengthens its role as Kristiansand’s mobility hub. Quadrum’s final construction phase, Quadrum Port, is currently underway and comprises a hotel and office building totaling approximately 26,000 sqm.

“This sale represents a natural handover of the baton from a property developer to a long-term real estate owner. Quadrum is a flagship example of modern mobility hub development in Norway. With this transaction, we are ready to hand over the responsibility to a party like CapMan, who shares our commitment to society and sustainability,” says Morten Austestad, Executive Director of Property Development at Bane NOR Eiendom.

Contact information:

Jens Henrik Larsen, Investment Director, CapMan Real Estate, +47 950 34 844
Morten Austestad, Executive Director, Property Development, Bane NOR Eiendom, +47 974 74 983

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.1 billion euros 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, real asset debt, 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, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com.

About Bane NOR Eiendom

Bane NOR Eiendom is Norway’s leading developer of mobility hubs and the owner, developer and manager of all railway property in the country. The company plays a key role in sustainable urban development by transforming station areas into efficient and attractive transport‑oriented districts. As a subsidiary of Bane NOR SF under the Norwegian Ministry of Transport, it manages around 1,000 buildings and 4,400 land plots across Norway, including all railway stations, stops and maintenance facilities.

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CapMan Real Estate and PensionDanmark have entered into co-operation to develop major residential project in Rødovre, Greater Copenhagen

Capman

CapMan Real Estate and PensionDanmark have entered into co-operation to develop major residential project in Rødovre, Greater Copenhagen

CapMan Real Estate and PensionDanmark have jointly entered into a major residential development project in Rødovre, located in close proximity to Copenhagen. The project consists of approximately 42,500 sqm and will be developed and constructed over a six-year period, creating a new modern residential neighbourhood in central Rødovre and supporting the municipality’s ambitious development plans near Rødovre City Hall and Rødovre Centrum.

The project consists of five separate land plots, acquired from Rødovre Municipality with around 500 residential apartments and retail units to be developed. The properties are expected to be constructed in three phases. They will be constructed by renowned family-owned construction company A. Enggaard A/S, who will also undertake the construction of a new Civic Center next to Rødovre City Hall.

“This project has been under active planning for the past 18 months, and we are pleased to now initiate the development of the first two land plots together with PensionDanmark, Rødovre Municipality and A. Enggaard A/S. We see this as the most attractive development area in Rødovre Municipality given its ideal location near Damhussøen, Rødovre Centrum and Rødovre City Hall. This is an opportunity to complete the transformation of the Gartnerbyen area into a vibrant and attractive new residential neighbourhood which will also benefit from directly overlooking a new green park and green promenade that will connect the whole neighbourhood,” says Hasse Wulff, Head of Transactions at CapMan Real Estate Denmark.

“Gartnerbyen is evolving into a vibrant, green neighbourhood with inviting recreational spaces and an attractive urban environment featuring cafés and shops. We are excited to help expand this unique area in Rødovre with new homes, where community and urban life is already beginning to take shape. Over many years, PensionDanmark has built strong expertise in developing high‑quality residential areas that create long‑term value for both local communities and our members’ pension saving,” says Torben Modvig, director of real estate at PensionDanmark.

Currently, the area consists mainly of older light industrial buildings and office properties. Over the coming years, the team together with A. Enggaard will lead the planning and transformation of the site into a modern residential neighbourhood with recreational areas and high-quality public spaces, including cafés and local amenities. Adjacent to the development, Rødovre’s upcoming municipal Civic Center will serve as the municipality’s new administrative hub, bringing key public services closer to residents and strengthening the area’s connectivity.

The development is designed to support long-term sustainability, with the objective of aligning the project with EU Taxonomy criteria (7.1).

The transaction marks the first joint-project between CapMan Real Estate and PensionDanmark.

For more information, please contact:

Hasse Wulff, Head of Transactions, CapMan Real Estate Denmark, +45 4013 0433

Cecilie Idun Andersen, Communication Consultant, PensionDanmark, +45 3193 0573

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.1 billion euros 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, real asset debt, 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, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com

About PensionDanmark

PensionDanmark is a labor market pension fund and among the 50 largest pension funds in Europe. PensionDanmark manages pension schemes, healthcare programme and educational funds on behalf of 847,600 members and 22,400 businesses within the Danish private and public sector. PensionDanmark is not-for-profit and owned by our members. As a result, all profits go to our members. Contributions totaled EUR 2.3bn in 2024. Total assets is now EUR 50.4bn.

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CapMan Real Estate and Scandic complete full refurbishment of historic Hotel Laajavuori

Capman

CapMan Real Estate and Scandic complete full refurbishment of historic Hotel Laajavuori

CapMan Real Estate and Scandic have completed an extensive refurbishment of the historic Hotel Laajavuori in Jyväskylä, Finland. The renovation project was delivered as planned, and the hotel’s final 117 newly upgraded rooms are now ready to welcome guests just ahead of the busiest winter holiday season.

The first phase of the renovation, which began in spring 2025, was completed last summer. This stage included the refurbishment of the hotel’s public areas, from the lobby and restaurant to its meeting and event facilities, as well as some of the guest rooms. With the completion of the second phase, the remaining rooms have now been renovated to meet modern standards of comfort, energy efficiency and usability.

The refurbishment of the protected hotel, originally constructed between 1969 and 1974, has been carried out with great respect for the building’s original spirit. Behind its concrete façade, guests will find a warm and atmospheric interior where the colour palette and materials of the era blend seamlessly with a contemporary hotel concept. The refurbished rooms emphasise comfort, elegance and sustainability, while adjustable in-room cooling further enhances the guest experience.

As part of the renovation, the building’s technical systems were comprehensively upgraded, significantly reducing the hotel’s environmental footprint. A new ventilation system and 71 geothermal wells installed on the property have markedly improved the building’s energy performance, raising its energy rating from class E to class B. Estimated annual savings in heating energy amount to approximately 1,500 megawatt hours, equivalent to the yearly heating needs of around 70–100 detached houses. Following the renovation, all of the hotel’s energy use is now completely carbon dioxide emission-free.

“Hotel Laajavuori is an architecturally and culturally significant property, and it was important for us to carry out the refurbishment in a way that preserves the building’s identity while also meeting the demands of the future. The renovation strengthens the hotel’s competitiveness for years to come and supports our objectives of sustainable value creation,” says Elias Salla, Asset Manager at CapMan Real Estate responsible for the property.

Guests will be able to stay in the refurbished rooms from Monday 2 February. In addition, the hotel will open its doors to residents of Jyväskylä on Friday and Saturday 6–7 February, offering guided tours and an opening weekend programme for visitors of all ages.

The property is part of the CapMan Hotels II fund portfolio.

For more information:

Elias Salla, Asset Manager, CapMan Real Estate, +358 44 301 0098

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.1 billion euros 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, real asset debt, 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, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com.

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