Private equity real estate fund CapMan RE II has acquired a property located at Viinikankatu 49 in the Finnish city of Tampere. The complex, dating from 1968, comprises 10,000 m[sup]2[/sup] of almost fully let commercial and warehouse space. The financial details of the transaction were not disclosed. 'CapMan RE II fund will also investigate other prospective investment targets in Tampere's business district,' said Pekka Salakka, director of real estate investments at Finnish property company CapMan.
Private equity real estate fund CapMan RE II has acquired a property located at Viinikankatu 49 in the Finnish city of Tampere. The complex, dating from 1968, comprises 10,000 m2 of almost fully let commercial and warehouse space. The financial details of the transaction were not disclosed. 'CapMan RE II fund will also investigate other prospective investment targets in Tampere's business district,' said Pekka Salakka, director of real estate investments at Finnish property company CapMan.
CapMan established CapMan RE II in September 2006. The fund focuses on property development targets in Finland, including property zoning development, construction of new projects and functional development of properties. The portfolio is diversified by asset size, location and sector. The aggregate investment capacity of CapMan RE II and CapMan Real Estate fund, which invests in commercial properties in the Helsinki metropolitan area, totals about EUR 750 mln.
