CapMan Real Estate acquires modern office property in Oslo from KLP

CapMan Real Estate Press release                                                      3 September 2019 at 9.00 a.m. EEST

CapMan Real Estate acquires modern office property in Oslo from KLP

CapMan Nordic Real Estate II fund has acquired Brynsalléen 2, a modern office property located in Helsfyr/Bryn, Greater Oslo.

Brynsalléen 2 is a 17,600 sqm office property located in Helsfyr/Bryn, one of the main office submarkets in Oslo. The property benefits from great access to public transport as well as the E6 motorway and Oslo circle road ring 3. The 10-storey property developed in 1999 is fully occupied by Atea who have announced a future relocation in 2020.

“We are very excited about the purchase of this property. The entire Helsfyr/Bryn area is going through a significant revitalisation and we see an excellent value add opportunity to upgrade the property for new tenants following Atea’s departure,” comments Magnus Berglund, Investment Director at CapMan Real Estate.

Brynsalléen 2 is the fourteenth acquisition of the €425 million Nordic Real Estate II fund raised in 2017. The focus of the fund is to invest mainly in office, retail and residential properties located in established submarkets of major Nordic cities.

CapMan Real Estate includes 38 dedicated professionals in the field of investment, asset management and property management. CapMan’s current real estate volume under management is over EUR 2.5 billion.

For further information, please contact:
Magnus Berglund, Investment Director, CapMan Real Estate, tel. +46 70 786 68 08

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. Our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg.