CapMan Nordic Real Estate II fund has sold a portfolio of eleven care properties in Finland to Swedish property owner Hemfosa Fastigheter. The assets have a total leasable area of approximately 20,900m² and are located in growing municipalities in Finland. The portfolio is fully leased. The purchase price was not disclosed.
“We are pleased to have completed the first exit from CapMan Nordic Real Estate II fund, which is still in its investment phase. The development of this sizeable portfolio of modern care homes in such a short time and to exit it now to a professional long-time community service property owner meets the targets of our value-add strategy well”, commented Juhani Erke, Partner, Head of CapMan Real Estate Finland.