CapMan Nordic Property Income Fund (non-UCITS) acquires a light industrial property with a public sector tenant, in Aarhus, Denmark. The property, Sintrupvej 17-19, comprises circa 4,600m² of leasable space. It is located in Brabrand, Aarhus, a predominantly light industrial and logistics area with office and residential properties nearby. Brabrand is part of Aarhus municipality, just 7 km west of Aarhus city centre, which is accessible by car in approx. 15 min or by bike in 25 min and has easy access to public transportation. The asset is a multi-let property whose largest tenant is Aarhus Municipality on a long-term lease. In addition to standard maintenance and refurbishments, CapMan plans to improve the long-term sustainability of the property by investing in energy savings measures and is looking to certify the property in the future.
”We are very pleased about this addition to our income-focused fund. The Aarhus market for light industrial properties is experiencing great demand and this well-located and functional property is ideally positioned to benefit from this,” said Peter Gill, Partner, Head of CapMan Real Estate Denmark.
”This is an excellent addition to the fund and to its growing warehouse portfolio, and also a demonstration of our local reach in the Nordics. Despite of a more challenging market there are opportunities to be found. Long-term income derived from a light industrial asset with a municipal tenant is a perfect fit for the fund,” commented Sampsa Apajalahti, Investment Director at CapMan Real Estate and Fund Director of CMNPI.
