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Picture Credit score CapMan Actual Property
- CapMan Lodges II (CMH II) has agreed to accumulate a portfolio of 28 accommodations from Midstar Fastigheter AB, considerably increasing and diversifying its Nordic lodge portfolio.
- The acquisition aligns with CapMan’s concentrate on high-quality property in key markets and is a part of the corporate’s broader technique to develop its property beneath administration inside actual property.
CapMan Lodges II (CMH II), a fund managed by CapMan Actual Property, has signed an settlement to accumulate a portfolio of 28 accommodations from Midstar Fastigheter AB. This vital transaction, one of many largest of its sort within the area, bolsters CapMan Lodges II’s place as a key participant within the Nordic lodge funding market.
Midstar Fastigheter AB is a pan-Nordic property firm specializing in lodge actual property investments. Its property are positioned in Sweden, Denmark, and Norway. Following the acquisition, CapMan Actual Property will handle the property.
The portfolio contains 28 lodge properties, providing a complete of 4,709 rooms. By focused value-enhancing initiatives, the capability will probably be elevated to 4,887 rooms by 2027. The properties in main metropolitan areas and prime regional places complement CapMan Lodges II’s present portfolio and align with CapMan’s concentrate on high-quality property in key markets.
Mika Matikainen, Managing Accomplice of CapMan Actual Property, expressed pleasure in regards to the transaction and its potential to strengthen CapMan’s place within the Nordic lodge funding market. The acquisition aligns completely with CapMan’s funding technique, they usually see vital potential on this platform.
Thomas Laakso, Accomplice at CapMan Actual Property, emphasised their dedication to enhancing the sustainability efficiency of the Midstar Fastigheter portfolio, in keeping with CapMan Lodges II’s five-star score within the GRESB sustainability benchmarking.
The acquisition will improve CapMan’s property beneath administration by EUR 0.4 billion, considerably contributing to its goal of rising property beneath administration to EUR 10 billion. This additionally exemplifies CapMan’s functionality to generate development by scaling present merchandise, considered one of its three principal development methods.
The settlement was signed on February nineteenth, 2025, and the transaction is topic to regulatory approval from the Swedish Competitors Authority. The transaction will shut shortly after such approval has been granted. Skandinaviska Enskilda Banken AB (publ) acted as the only real monetary advisor, Mannheimer Swartling Advokatbyrå AB because the lead authorized advisor, and CBRE because the business advisor to CapMan Lodges II on this transaction.
