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CapMan Real Estate Ltd
CapMan Real Estate Ltd is a Nordic real estate investment manager and part of the CapMan Group, a private markets pioneer in the Nordics. The firm invests in...
CapMan Real Estate Ltd
CapMan Real Estate Ltd is a Nordic real estate investment manager and part of the CapMan Group, a private markets pioneer in the Nordics. The firm invests in and actively manages real estate across the Nordic markets, identifying opportunities and creating value through disciplined risk management. It operates with a strong Nordic presence and embeds sustainability across its operations.
General information
Firm type
Real Estate Investment Manager
Year founded
1989
Location
Region
Europe
Country
Finland
City
Helsinki, Helsinki
Corporate office
Helsinki, Finland
Additional offices
Stockholm · Copenhagen · Oslo · London
Principals
Joakim Holmberg
Partner, Head of Real Estate
Mikko Nyman
Partner, Real Estate
Sector focus
Frequently asked questions
Who runs investment decisions at CapMan Real Estate?
Joakim Holmberg serves as Partner and Head of Real Estate, leading the division's investment strategy. He is supported by Partners Mikko Nyman and several senior investment directors focused on specific geographies and asset classes (per the firm, 2023).
How is CapMan Real Estate structured within CapMan Plc?
CapMan Real Estate is a business division of CapMan Plc, a publicly listed Nordic private asset manager with a market capitalization of approximately €400 million. The unit operates independently with its own investment committee and P&L, but benefits from shared infrastructure and deal flow across CapMan's private equity and infrastructure teams (per CapMan, 2023).
What types of investments does CapMan Real Estate make?
The unit targets value-add and core-plus real estate opportunities, with a focus on office, logistics, and residential assets. It invests through both equity and mezzanine debt structures, typically in properties valued between €10 million and €100 million. The firm also manages separate accounts for Nordic institutional investors.
What is CapMan Real Estate's geographic focus?
The primary focus is the Nordic region — Finland, Sweden, Norway, Denmark — and the UK. The firm has local offices in each Nordic capital as well as London, and prefers assets in major metropolitan areas with strong tenant demand and liquidity.
Does CapMan Real Estate act as a fund manager or a direct investor?
CapMan Real Estate operates as a fund manager, raising commingled vehicles and separate accounts from Nordic and European institutional investors. It typically commits co-investment capital from CapMan Plc's balance sheet alongside fund vehicles, aligning manager and LP interests.
What is CapMan Real Estate's track record on deal volume?
Since inception, the unit has completed over 200 real estate transactions totaling several billion euros in value. The firm reported a gross IRR of roughly 12-15% on realized Nordic value-add investments over the past decade (per CapMan, 2023).
Does CapMan Real Estate maintain separate sustainability or ESG strategies?
CapMan Plc publishes an annual sustainability report and the real estate division integrates energy efficiency and green building certifications into investment decisions. Several portfolio assets hold BREEAM or LEED certifications (per CapMan, 2023).
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