CapMan’s Nordic Property Income Fund has announced the sale of Tonsbakken 12–14, a warehouse property situated in Skovlunde, greater Copenhagen, Denmark, for an undisclosed amount.
The fund acquired the property in 2018 and is selling it now for redevelopment to two separate parties, Nordic data centre services company atNorth 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.
CapMan Real Estate manages €4.2 bn in real estate assets and the Real Estate Team comprises over 70 real estate professionals located in Helsinki, Stockholm, Copenhagen, Oslo and London.