Target Information

CapMan Social Real Estate (CMSRE) has successfully acquired Porcelænshaven, a historic property located in Frederiksberg, Copenhagen, Denmark. The property spans 19,300 square meters of lettable office and educational space, fully leased to Copenhagen Business School (CBS), a major educational institution in Europe. Originally established in 1882 as a porcelain factory, the property has been thoughtfully converted into a functional environment featuring offices, classrooms, and lecture halls while maintaining its historical elements.

Since 2005, Porcelænshaven has served as a pivotal part of the Copenhagen Business School campus, which hosts more than 22,000 students and 1,500 staff members. Additionally, the asset boasts 325 underground parking spaces, all of which are also leased to CBS, enhancing the convenience for students and staff alike.

Industry Overview in Denmark

The real estate market in Denmark is characterized by its stability and resilience, particularly in the social real estate segment. With a growing demand for educational and social facilities, investments in properties that support these sectors have become increasingly attractive. The country's emphasis on sustainable development is driving innovation and improvements across the sector.

Copenhagen, the capital city, stands out as a hub for education and business. It is home to several prestigious universities and institutions, making it a vital center for knowledge and innovation. The consistent influx of both local and international students contributes to a robust demand for educational spaces and associated real estate.

Moreover, the Danish government has put considerable effort into improving infrastructure and accessibility within urban areas, further boosting the attractiveness of investing in real estate that serves educational purposes. The alignment of private investments with public service requirements represents a significant opportunity for stakeholders in the sector.

Environmental sustainability is also a significant consideration in Danish real estate. With strict regulations and incentives in place concerning energy efficiency and environmental standards, properties that meet these criteria are well-positioned in the market. Investment firms such as CapMan are increasingly mindful of these considerations when pursuing new projects and acquisitions.

Rationale Behind the Deal

This acquisition of Porcelænshaven represents a strategic move for CMSRE, marking its second investment within a broader campaign to develop a diverse portfolio of social real estate assets across the Nordic region. By securing a well-located and fully leased property, CMSRE is positioned to generate stable income while contributing positively to the educational landscape in Denmark.

The planned enhancements, including accessibility and energy efficiency improvements, align the property with CMSRE's commitment to sustainability, ensuring its long-term viability and value. Such initiatives not only increase the property's attractiveness to tenants but also comply with evolving EU regulations concerning environmental performance.

Investor Information

CapMan, the parent company of CMSRE, is a prominent Nordic private asset specialist with over three decades of experience in various sectors, including private equity, real estate, and infrastructure. With approximately €5 billion in assets under management, CapMan is dedicated to delivering value and sustainable returns to its investors. The firm operates through specialized teams across multiple markets, focusing on both minority and majority investments.

CMSRE, as an Article 8 financial product under the EU Sustainable Finance Disclosure Regulation, aims to allocate funds toward projects that deliver essential public services. The fund is also pursuing rigorous sustainability standards, such as the CRREM energy reduction pathway and DGNB In-Use certification, evidencing its commitment to responsible investing.

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The acquisition of Porcelænshaven by CapMan Social Real Estate is regarded as a strategic investment that fulfills both economic and social objectives. Given the strong demand for educational facilities in Copenhagen, the property’s association with the well-respected Copenhagen Business School provides a solid foundation for sustained rental income.

Moreover, CapMan's emphasis on sustainability and ongoing improvements to the property aligns with current market trends that favor environmentally responsible investments. These enhancements not only respond to regulatory pressures but also appeal to a growing demographic of environmentally conscious tenants and investors.

In conclusion, this acquisition appears to be a financially sound decision, positioning CMSRE for long-term growth within the Nordic real estate market. The historic significance and strategic location of Porcelænshaven, combined with its full tenancy, create an asset that is likely to appreciate in value while serving critical educational needs.

Ultimately, this deal exemplifies CapMan's expertise and commitment to enhancing its portfolio with high-quality, socially responsible properties. Investors can look forward to the potential for both financial returns and positive societal impact stemming from this acquisition.

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