CapMan awarded a €400 million real estate investment mandate by BVK

CapMan Plc        Stock Exchange Release                15 July 2016 at 9.00 a.m. EEST

CapMan awarded a €400 million real estate investment mandate by BVK

CapMan Real Estate has signed an agreement with Bayerische Versorgungskammer (BVK), Germany's largest pension scheme group, to invest up to €400 million in residential real estate in the Nordics on behalf of BVK.

"In the past few years, we have grown to become a leading Nordic real estate investor. The mandate from BVK enables us to combine our local know-how and real estate expertise with our ability to serve international clients," comments Heikki Westerlund, CapMan's CEO.

Under its broad mandate, CapMan will source, advise on and execute transactions as well as manage the assets on behalf of BVK in Sweden, Denmark, Finland and Norway. CapMan Real Estate has a longstanding relationship with BVK and has also already advised the group on the acquisition of a €80 million prime residential portfolio in Finland in April 2016 in relation to the now formed investment mandate.

"We are extremely pleased to utilise our local know-how and networks in the Nordic market also on behalf of this significant European investor. This mandate demonstrates the confidence that BVK shows in our team and we look forward to working with BVK for years to come," says Mika Matikainen, Senior Partner and Head of CapMan Real Estate.

"The largest Nordic cities are experiencing significant population growth, and the residential sector offers reliable income with upside potential.  We anticipate increasing demand from international investors attracted to the strong economies and the stability of the region," comments Nigel Pedroz, Partner of CapMan Real Estate

CapMan will receive an annual advisory fee and a performance fee on the mandate based on standard industry practice.  

For additional information, please contact:
Mika Matikainen, Senior Partner, Head of CapMan Real Estate, tel. +358 40 519 0707
Nigel Pedroz, Partner, Fund Director, tel. +44 779685 3569
Heikki Westerlund, CEO, CapMan Plc, tel. +358 50 559 6580

CAPMAN PLC
Linda Tierala
Manager, Communications and IR 

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

About CapMan www.capman.com  
CapMan is a leading Nordic investment and asset management company active in the private equity industry. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. Our objective is to provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships - Buyout, Real Estate, Russia and Credit - as well as our associated company Norvestia are responsible for investment activities and value creation. CapMan's service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 private equity professionals and assets under management of €2.8 billion.

Bayerische Versorgungskammer (BVK) www.versorgungskammer.de
Bayerische Versorgungskammer is the competence and service centre for occupational and communal pension schemes and Germany's largest pension scheme group under public law. It is the joint executive body of twelve liberal professions' and communal pension schemes. BVK covers about 2 million insured persons in total, with contributions of €4 billion and €2.9 billion pension payments annually. It currently has €62 billion assets under management and 1,200 employees.