CapMan Real Estate’s Nordic fund has acquired two mixed-use properties in central Copenhagen which will be added to its existing residential and retail portfolio.
CapMan Real Estate’s Nordic fund has acquired two mixed-use properties in central Copenhagen which will be added to its existing residential and retail portfolio.
Financial details were not disclosed.
The new properties comprise 5,006 m2 of space, of which 30% is residential and 70% retail. The purchase is the sixth investment by the CapMan Nordic Real Estate fund and the fourth investment in Denmark. The fund focuses on office, retail and residential properties located in established sub-markets of major Nordic cities.
Following the acquisition, the Copenhagen portfolio will consist of nine mixed residential and retail properties comprising 16,510 m2 of space.
‘The current portfolio has performed well during the first six months and the new investment further strengthens our opportunities to develop and add value to the portfolio. The residential market in Copenhagen has become stronger and we are looking forward to making additional acquisitions in Denmark in the near future,’ said Torsten Bjerregaard, senior partner of CapMan Real Estate and responsible for the investment.
Keystone Investment Management is the local operating partner on the transaction and SEB is providing the bank financing.
