Banking & Finance, Fund Formation & Investment Management / 20 Dec 2019

Borenius advised CapMan on a significant pan-Nordic real estate fund transaction

We advised CapMan on the transfer of a hotel property portfolio from CapMan Hotels RE, CapMan’s first hotel fund, to CapMan Hotels Fund II, a new semi-open-ended real estate fund.

The acquisition was made in connection with the launch of CapMan Hotels II, which has raised EUR 368 million of equity comments. The new fund acquired the entire portfolio of its predecessor fund CapMan Hotels RE, which was established in 2008. This portfolio forms a seed portfolio for the new Fund, and CapMan aims to significantly increase the size of the new fund over the coming years. The seed portfolio comprises 29 hotel properties located mainly in Finland, but CapMan Hotels II invests in hotel properties across the Nordic region.

CapMan’s real estate team includes more than 40 real estate investment professionals, managing over EUR 2.5 billion in real estate investments.

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