The newly established CapMan Social Real Estate Fund (CMSRE) makes its first investment, investing in two daycare and one school asset in central Helsinki, Finland. Two of the buildings house the French Jules Verne kindergarten and school and one, once refurbished, will house daycare facilities operated by the City of Helsinki. All three buildings are under long-term leases. CapMan acquired the assets from HGR Property Partners.
CapMan Real Estate will invest in energy-saving measures and accessibility-related improvements in the buildings. Energy Performance Certificates will be obtained for each building, and the properties will be aligned with EU Taxonomy. The buildings will pursue LEED green building certifications, aiming for a Gold rating in various categories, including existing buildings, operations and maintenance, schools, building design, and construction.
“We are very happy to invest in these three centrally located assets which represent the first investment for our social real estate fund. Educational properties are one of the main target sectors for CMSRE and the assets fit the investment criteria and the strategy of the fund well. We look forward to our long-term co-operation with the assets’ two tenants in the early childhood education sector and providing great premises for the children and personnel. The surrounding Hietalahti area is expected to develop favourably in the future further improving the quality of the assets”, commented Aleksi Konsti, Investment Director at CapMan Real Estate.
“The Nordic countries represent an attractive investment market, where the volume of social real estate investments can be seen increasing rapidly. Currently, we continue fundraising while actively looking for investment opportunities across the Nordic countries which all present unique prospects within social real estate”, shares Mika Matikainen, Managing Partner and Head of CapMan Real Estate.
Image provided by CapMan.
