# CapMan Real Estate Ltd

CapMan Real Estate Ltd is a Real Estate Investment Manager based in Helsinki, Helsinki, Finland.

## Overview

- **Organization type:** Real Estate Investment Manager
- **Headquarters:** Helsinki, Helsinki, Finland
- **Region:** Europe
- **Address:** Helsinki, Finland
- **Founded:** 1989
- **Assets under management:** €2B–€5B (Altss estimate)
- **Website:** capman.com

## Regulatory record

- **CRD number:** 319305
- **SEC file number:** 802-126579
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/319305

## About

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.

## Sectors

- Real Estate
- Infrastructure
- Private Credit

## Offices

- Stockholm
- Copenhagen
- Oslo
- London

## People

- Joakim Holmberg — Partner, Head of Real Estate
- Mikko Nyman — Partner, Real Estate

## 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 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.

### 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).

## Related profiles

- [NERA INVESTMENTS LLC](https://altss.com/profile/nera-investments-llc)
- [CapMan Infra Management Oy](https://altss.com/profile/capman-infra-management-oy)

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Last updated: 2026-07-10T21:14:39.000Z

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