CapMan Nordic Property Income Fund has acquired an office and light industrial property in Skovlunde, Copenhagen from Cool Gray A/S.
The modern office and industrial property totals 12,610 m² of space and is located in an industrial suburb in Copenhagen, approximately 15 kilometres from the city centre. The location provides easy access to both the City of Copenhagen and the Greater Copenhagen area. The building has modern light industrial and warehouse facilities and a headquarter-level office space. The asset is the second investment of CMNPI fund in the Nordics.
"We are very excited about the first acquisition of the CMNPI fund in Denmark. The acquired property generates stable and predictable cash flow and is aligned with the fund's investment strategy. The property is well located and has a flexible layout for an alternative use. We aim to make more similar investments during this year," says Sampsa Apajalahti, Investment Director and Fund Director of CapMan Nordic Property Income Fund.
"The fundraising of CMNPI fund has continued favourably. We believe that the fund will accumulate over €200m of equity during the first two years of its operations," comments Mika Matikainen, Managing Partner in CapMan Real Estate.
