CapMan Real Estate Press Release 4 May 2016 at 8.00 a.m. CEST

CapMan Real Estate sells an office building in a well-established and expanding business area in Northern Stockholm

CapMan Nordic Real Estate fund has agreed to sell "Apelsinen 4" - an office building located in a favoured and growing business area in Solna Strand, Northern Stockholm - to the property company Humlegården.

"We are extremely happy to have exceeded the objectives of our value-add strategy for this asset well ahead of time. During our ownership, we have raised the occupancy rate from 70% to 93% and re-negotiated leases for almost 4,000 square-meters. In addition, we have made significant technical and operational improvements in the building. Due to its convenient location and appealing attributes, Solna Strand is currently attracting both occupants and investors and the timing for us to sell the property is excellent," comments Ed Williams, Senior Partner at CapMan Real Estate.

CapMan Nordic Real Estate fund acquired Apelsinen 4 in December 2014. The seven-floor building comprises 13,000 square-meters of leasable space including two parking floors. The property is located in Solna Strand, a popular submarket with excellent connections to the city center and primary airports.

Apelsinen is the second exit of the CapMan Nordic Real Estate fund. The focus of the €273 million fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. The fund was established in 2013.

For further information, please contact:
Ed Williams, Senior Partner, CapMan Real Estate, tel. +46 8 445 1051
Mika Matikainen, Senior Partner, Head of CapMan Real Estate, tel. +358 (0)20 720 7616

CapMan www.capman.com
CapMan is a leading Nordic investment and asset management company active in the private equity industry. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. Our objective is to provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships - Buyout, Real Estate, Russia and Credit - as well as our associated company Norvestia are responsible for investment activities and value creation. CapMan`s service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 private equity professionals and assets under management of €2.7 billion.