CapMan Real Estate (CapMan) announces the first closing of CapMan Nordic Real Estate IV (CMNRE IV). The closed-end Luxembourg fund pursues a value-add strategy with a focus on residential real estate, real estate for essential public services as well as selected real estate segments with long-term demand growth in the largest Nordic cities with a target equity volume of EUR 750 million. In addition, targeted investments are planned in other areas that benefit from long-term structural trends, including hotels and logistics properties.
“The CapMan Nordic Real Estate IV builds on our successful series of Nordic value-add real estate funds and is expected to be our largest fund in this space to date. Our goal is to continue to generate attractive returns for our investors while making measurable progress in sustainability,” says Mikael Rihto, Fund Director of the CapMan Nordic Real Estate Value-Add Fund Series.
With an initial seed investment in a residential project in Copenhagen, the fund has already laid the foundation for its investment activities. In addition, further acquisitions are in the pipeline.
CMNRE IV is benefiting from the attractive market conditions in the Nordic real estate sector. The region is characterized by stable economic conditions, population growth and progressive urbanization. The strategy of the CMNRE IV focuses on properties with optimization and development potential. Additional value is to be created through active asset management, modernization and ESG measures. CapMan is relying on its local market presence and a high proportion of off-market transactions.
CapMan Real Estate has acquired eight residential real estate projects in the Nordics in the past twelve months alone, underlining its experience and confidence in the development of this market segment.
