CapMan Residential Fund (CMRF) acquired two high-quality residential assets at the end of 2023. The transaction is the seventh investment for CapMan’s pan-Nordic core residential fund.
Two buildings comprising of 82 apartments in total were completed in 2023. They are located in the Olari and Soukka districts of Espoo. These assets are well-connected to public transport and are situated approximately 20 minutes away from Helsinki city centre. The Olari property is also within a short walking distance from one of the largest shopping and service centres in the Helsinki region, Iso Omena.
“We are delighted to add these exceptionally well located newly built assets to our fund, which focuses on investing in high-quality and middle-income residential properties in established and well-connected locations in the Nordic metropolitan areas. While the asset in Olari is already EU taxonomy aligned, also the property in Soukka is targeted to be EU taxonomy aligned once its energy performance certificate rating (EPC) is improved from B to A. The fund’s portfolio in Finland has expanded to 31 assets with this acquisition”, comments Juhani Erke, Partner at CapMan Real Estate.
“These assets complement our existing portfolio very well, and the transaction demonstrates that despite subdued market activity, there are attractive opportunities for well-capitalised investors”, shares Mikael Hjorth, Partner at CapMan Real Estate and Fund Director of CMRF.
Image provided by CapMan.
