Helsinki-based private asset specialist CapMan has picked up an office building in southern Stockholm for an undisclosed sum.
CapMan Nordic Real Estate II acquired Påsen 1, a 9,714 m2 multi-let office building in Hammarby Sjöstad. The deal represents its ninth purchase following closing of the €425 mln fund established in August of last year.
'We are very excited about the purchase of this property, which is located in a rapidly developing area in southern Stockholm. We have identified a number of good opportunities to improve Påsen 1 and look forward to working with the tenants on these initiatives going forward,' said Per Tängerstad, partner at CapMan Real Estate.
The focus of the fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities.
CapMan Real Estate, which has offices in Helsinki, Stockholm and Copenhagen, currently has over €1.7 bn of assets under management.
