The vehicle, which aims to raise around €200 mln of equity over the next months, bought the 12,610 m2 asset located in an industrial suburb of the Danish capital from owner and occupier Cool Gray. The vendor will continue to occupy the property.

Financial details were kept confidential.

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The asset is the second investment on behalf of CMNPI, which was launched in late 2017 as Capman's first open-ended real estate fund with a non-UCITS structure.

The fund focuses on stable income-generating properties in the largest and most liquid Nordic cities with solid long-term growth fundamentals, the fund manager said.

'We are very excited about the first acquisition of the CMNPI fund in Denmark. The acquired property generates stable and predictable cash flow and is aligned with the fund's investment strategy. The property is well located and has a flexible layout for an alternative use. We aim to make more similar investments during this year,' said Sampsa Apajalahti, Investment director and fund director of Capman Nordic Property Income Fund.

'The fundraising of CMNPI fund has continued favourably. We believe that the fund will accumulate over €200 mln of equity during the first two years of its operations,' added Mika Matikainen, managing partner in Capman Real Estate.

Founded in 2005, Capman Real Estate manages over €1.7 bn of assets.