CapMan Nordic Real Estate III Fund (CMNRE III) has signed a sale and purchase agreement for the sale of Campus to the Danish pension fund, Lærernes Pension. The property comprises 209 apartments and was developed in a joint venture with Nordstern.
The exit follows the successful completion and full lease-up of the property and is well-aligned with the fund’s value-add strategy of creating value through development and active management in the major Nordic cities before realising the asset to long-term core capital. The property is DGNB Gold-certified.
Source: Press release sent 19th of August