CapMan acquires Polaris Business Park asset in Helsinki

CapMan Nordic Real Estate II fund acquires Polaris Capella, an office building in Leppävaara, Greater Helsinki. The acquisition is the fund’s second asset in Polaris Business Park following the acquisition of the Polaris Castor building earlier in 2019. The fund now owns two out of three office buildings in Polaris Business Park.

CapMan acquires Polaris Business Park asset in Helsinki.
CapMan acquires Polaris Business Park asset in Helsinki .

Polaris Capella is an approx. 6,000 square meters asset built in 2009 and located in Leppävaara, one of the main office sub-markets in Greater Helsinki. The property is part of the Polaris Business Park and it is conveniently located by the Turunväylä motorway, 1.5 ilometers from the Leppävaara train station, 20 minutes from Helsinki-Vantaa airport and 25 minutes from the Helsinki CBD.

“Polaris Capella is an excellent addition to the fund enabling us to create even more value in the entire Polaris Business Park,” comments Juhani Erke, Partner and Head of CapMan Real Estate Finland.

Polaris Capella is the seventeenth acquisition of the EUR 425 million CapMan Nordic Real Estate II fund, which invests mainly in office, residential and retail properties located in established submarkets of major Nordic cities and selectively in real estate sectors supported by prevailing megatrends.

CapMan Real Estate’s Nordic organisation includes more than 40 committed real estate investment professionals. We manage over EUR 2.5 billion in real estate investments.