CapMan Nordic Property Income Fund sells Tonsbakken 12–14, a warehouse property situated in Skovlunde, greater Copenhagen, Denmark. The fund acquired the property in 2018 and is selling it now for redevelopment to two separate parties, Nordic data centre services company at North and Danish property developer Propreco.
”We are very happy about this divestment. It is a testament of our investment approach where we invest in properties and locations that demonstrate liquidity in all phases of the cycle. This active portfolio management enables us to continue with our stock picking approach and look for new investments where we see attractive opportunities,” said Mika Matikainen, Portfolio Manager of the fund and Managing Partner at CapMan Real Estate.