CapMan Real Estate acquires an office building in Helsinki, Finland (FI)

CapMan Nordic Real Estate fund acquires MREC Plaza Presto, a modern 5,760 m² office building in Vantaa Aviapolis office area in Finland. The seller in the transaction is Finnish Paper Workers' Union. Plaza Presto is the seventh investment of the CapMan Nordic Real Estate fund.
Plaza Presto is a high-quality office building located along Ring Road III in Aviapolis, a fast developing business centre near Helsinki Airport. Built in 2001, Plaza Presto is part of a well-known Gate8 business campus, which offers a full range of services for office occupiers. The 5,760 m² property provides a home for approx. 30 companies and includes 180 parking spaces.
"We are delighted about Plaza Presto, which is our Nordic Real Estate fund's first investment in Finland. Plaza Presto is an excellent fit to our strategy with a well-diversified tenant base and value-add opportunities through leasing work and cost optimising," says Juhani Erke, Partner at CapMan Real Estate.
Plaza Presto is CapMan Nordic Real Estate fund's seventh investment and the first one in Finland. The fund is actively seeking new investment opportunities in office, retail and residential properties located in established submarkets of major Nordic cities. The fundraising for the fund continues.
Source:CapMan Real Estate