CapMan Social Real Estate Fund invests in daycare and school assets in central Helsinki, Finland, continues fundraising
The newly established CapMan Social Real Estate Fund (CMSRE) makes its first investment, investing in two daycare and one school asset in central Helsinki, Finland. Two of the buildings house the French Jules Verne kindergarten and school and one, once refurbished, will house daycare facilities operated by the City of Helsinki. All three buildings are under long-term leases. As energy performance certificates are obtained the properties will become EU Taxonomy aligned. After this first investment, the fund continues fundraising targeting € 500 million of equity commitments and total investment capacity of nearly € 1 billion over the coming years.
All three historical buildings under long lease agreements are located within the same block in Helsinki city centre, close to Hietalahti market square with excellent traffic connections. Two buildings were recently refurbished to modern standards and are under a long-term lease with the French Jules Verne kindergarten and school while the third building is designated for day care use by the City of Helsinki and is currently undergoing a thorough refurbishment, which is expected to be completed in 2025. The buildings will accommodate some 350 children living in the surrounding areas.
Source: capman.com on the 11th of January, 2024
https://capman.com/2024/01/capman-social-real-estate-fund-invests-in-daycare-and-school-assets-in-central-helsinki-finland-continues-fundraising/