Nordic private investor CapMan Real Estate has acquired a business park office building in Leppävaara, Greater Helsinki, for an undisclosed sum.
Polaris Castor, a BREEAM certified property, forms part of the Polaris Business Park. The 6,000 m2 scheme was acquired for the CapMan Nordic Real Estate II fund.
'We are excited about the purchase of this property. The location and excellent quality of the property provide a good starting point for us. We are looking forward to further develop and add value to the asset,' said Juhani Erke, partner at CapMan.
Polaris Castor is the fourteenth acquisition of the €425 mln Nordic Real Estate II fund, raised in 2017. The focus of the fund is to invest mainly in office, retail and residential properties located in established submarkets of major Nordic cities.
CapMan’s current real estate volume under management is over €2.5 bn.
