CapMan Nordic Real Estate fund has sold eleven properties along Amagerbrogade, a well-known high street in Copenhagen, to a Swedish residential property company Akelius. CapMan acquired the properties in 2013 and 2014.

The properties comprise lettable space of 15,022 sqm, of which 70 % is residential and 30 % retail. The properties were the second investment of the CapMan Nordic Real Estate fund.

“We are very pleased to complete another successful exit from our Nordic Fund. We have executed the business plan of upgrading the properties; reducing the retail vacancy, and increasing the Net Operating Income by 140 % over a 4-year period,” comments Torsten Bjerregaard, Managing Partner at CapMan Real Estate.

The transaction was done in co-operation with Keystone Investment Management and with legal advice from Plesner. RED was the broker on the transaction.

CapMan Nordic Real Estate fund acquires mainly office, retail and residential properties located in established submarkets of major Nordic cities. The fund was established in 2013 with €273 million of equity. This exit is the 9^th the fund has completed.

CapMan Nordic Real Estate fund has acquired a mixed use commercial property located at St. Olavs Gate 23 in central Oslo from Aberdeen Property Nordic Fund I

St. Olavs Gate 23 was originally constructed in 1900 and today provides 4,548 square meters of commercial space with retail on the ground floor and office space on the four upper levels. The property is well located, being only 400 meters from the prime retail street, Karl Johans Gate. Nationaltheatret train and metro station, with excellent local connections and a direct train to Oslo Airport, is within a 5-minute walk. In addition, the law faculty of the University of Oslo is currently building a new facility in the immediate vicinity, which will add approximately 4,000 students to the area.

“We are excited about completing our first acquisition in Norway. We have been actively searching the Oslo market for the past 18 months and are delighted to have secured this opportunity which fits our value-add strategy extremely well. We are looking forward to refurbishing the property in the near term and creating a modern high-quality retail and office building in a rapidly developing part of the city,” comments Ed Williams, Managing Partner at CapMan Real Estate.

CapMan Real Estate was assisted in its acquisition by CBRE and CLP. Financing was provided by Danske Bank.

St. Olavs Gate 23 is CapMan Nordic Real Estate fund’s 21^st investment. The focus of the €273 million fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. The fund was established in 2013.

Paris, June 28, 2017

– LaSalle Investment Management (“LaSalle”), the global real estate investment manager, and Ardian, the independent private equity investment company, have acquired the Europa building in Levallois, one of the major business districts in the West of Paris. This has been acquired from Lagardère, the French media group, as a joint venture on behalf of the two pan-European funds. This is the first acquisition made by Ardian Real Estate in France.

Europa is a striking office building with a 180 met re-long façade on a prime street in Levallois, and is located right by the metro station ‘Pont de Levallois’, making the centre of Paris easily accessible.

Built in 1993, Europa is a 26,500 sq m. eight-store y headquarters-style building, offering flexible floor plates of 2,700 sq m., underground parking, numerous in-house services, gardens and terraces.

The building will be subject to a complete refurbishment after the departure of the Lagardère Group, with the aim of redeveloping it as a Grade A building, in line with the highest international building standards.

ABOUT LASALLE INVESTMENT MANAGEMENT

LaSalle Investment Management is one of the world’s

leading real estate investment managers with approximately $58 billion of private and public equity and private debt investments under management (as of Q1 2017). LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Inc. (NYSE: JLL), one of the world’s largest real estate companies.

• EQT closes the EQT Real Estate I fund with commitments totaling EUR 420 million
• Strengthens EQT’s Real Assets investment strategy – leveraging the wider EQT platform
• Around 35% of the total commitments have already been invested in four assets

EQT today announces the successful closing of its first real estate fund, EQT Real Estate I (“the fund”), with total commitments of EUR 420 million. The fund will invest in value-add real estate assets with a focus on repositioning high-yielding properties, predominantly in the office sector, in gateway cities in western Europe.

To date, four investments have been made across the fund’s core geographies:

• Rue Lauriston in central Paris, an office refurbishment project
• Smart Parc in western Paris, a refurbishment project of two office buildings
• Technologiepark Köln in Cologne, a portfolio of seven income-producing office assets to be repositioned
• Täby Terass in the Stockholm area, a residential scheme of studio apartments

Edouard Fernandez, Partner at EQT Partners, Co-Head of EQT Real Estate and Investment Advisor to the fund, comments: “The European real estate segment has long been dominated by North American private equity firms. With this fund, the market gets a new and exciting pan-European challenger that will be able to take advantage of the EQT signature combination of global reach and local people on the ground.”

Robert Rackind, Partner at EQT Partners, Co-Head of EQT Real Estate and Investment Advisor to the fund, adds: “The market outlook is very promising. There is a continued supply-demand imbalance combined with rental growth in gateway cities across Europe, and we see a big “hands-on” valuecreation potential.”

Lennart Blecher, Deputy Managing Partner at EQT, Head of EQT Real Assets and Investment Advisor to the fund, comments: “EQT Real Estate is a natural next step in the EQT Real Assets investment strategy. The responsible, sustainable development approach has always been a clear differentiator for EQT, and it’s going to be exciting to see the team apply this mindset also to the property sector.”

The fund is backed by a global investor base, and in addition received strong backing from Investor AB, EQT Partners and its affiliates. Jussi Saarinen, Partner at EQT Partners and Head of Investor Relations, says: “This is yet another important milestone for EQT, being an integrated alternative investments firm with multiple investment strategies. The new fund has attracted great interest among investors, once again reflecting the trust in the EQT industrial approach and clear focus on value
creation.”

The fundraising for the EQT Real Estate I has now closed. As such, the foregoing should in no way betreated as any form of offer or solicitation to subscribe for or make any commitments for or in respectof any securities or other interests or to engage in any other transaction.

Contacts:
Edouard Fernandez, Partner at EQT Partners, Co-Head of EQT Real Estate and Investment Advisor to EQT Real Estate, +46 766 414 290
EQT Press Office, +46 8 506 55 334

About EQT
EQT is a leading alternative investments firm with approximately EUR 36 billion in raised capital across 23 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About EQT Real Estate I
EQT Real Estate I will seek to make direct and indirect controlling investments in real estate assets, portfolios and operating companies that offer significant potential for value creation through repositioning, redevelopment, refurbishment and active management. The investments will typically range between EUR 50 million and EUR 200 million. The fund is advised by an experienced team from EQT Partners, with extensive knowledge of property development and asset management, and will have access to the full EQT network, including 10 European offices and more than 250 industrial advisors.

CapMan RE II -fund has sold the Skanssi shopping centre in Turku to a fund managed by CBRE Global Investors.

“We have been involved in Skanssi since its development, and it has been pleasure to see how the shopping centre and its neighbouring area have evolved. The shopping centre has played a key role in the attractiveness and design of Skanssi district. Several retail stores have moved to the area and residential construction is proceeding quickly. We are particularly proud of the ecological activity of Skanssi. The shopping centre favours green values and actions, including the use of solar power, efficient recycling and an active carbon footprint reduction. In January, Skanssi earned the LEED Platinum rating, the highest available LEED rating, and is as such the first shopping centre in Europe with both a LEED Platinum rating and LEED certification from the construction phase. We are very pleased that we have found a professional new owner for Skanssi, who will continue developing the shopping centre from these good premises,” comments Kalle Myllymäki, Partner at CapMan Real Estate.

Skanssi shopping centre is located five kilometres from Turku downtown, by the busy Turku-Helsinki freeway. The shopping centre contains a wide range of stores specializing in fashion, home décor and leisure, as well as several services, including citizen service, restaurants, a bank and a hypermarket. Skanssi has a lettable area of 37,230 m² of which 33,700 m² is retail space, 130 m² is office space and 3,400 m² is in other use. CapMan RE II -fund invested in Skanssi in 2007 when the property was still in the construction phase. Skanssi opened its doors to the public in April 2009.

For further information, please contact:
Kalle Myllymäki, Partner, CapMan Real Estate, tel. +358 20 720 7618

The transaction builds on Oakley’s experience in the online consumer sector through its previous investments in Facile.it, Parship Elite Group and Verivox.de. Oakley is attracted to these business models because of the strong underlying structural market growth in these segments, their asset-light nature which leads to strong cash conversion, and the ability to accelerate performance through effective KPI management, especially around marketing.

Established in 1996, Casa.it is the number two player in the online real estate advertising market in Italy. The Italian residential property market is estimated to be worth over €75 billion annually, and the penetration of online property portals is expected to grow strongly as the market develops.

Established in 2001, atHome.lu has established a market leading position in the online real estate advertising market in Luxembourg, with over 90% coverage of real estate agents.

Both Casa.it and atHome.lu are well-positioned to replicate the success of leading property portal players in more mature markets such as the UK, Germany and Australia. Under the new ownership structure, the acquired businesses will be integrated more closely to achieve synergies and Oakley will use its experience in similar online business models to improve marketing efficiency and operating performance.

As a subsidiary of REA Group, the business generated revenues of €33.3 million and reported EBITDA of €6.0 million for the year ended 30 June 2016. Fund III intends to partly fund the acquisition with third party debt.

Mediobanca acted as financial advisor to Fund III on the transaction. Completion is expected to take place in Q1 2017.