CapMan Hotels II expands Nordic portfolio with Midstar Fastigheter acquisition

Nordic backstage plus institution CapMan Hotels II (CMH II) has completed the acquisition of Midstar Fastigheter, expanding its edifice existent property portfolio successful the region.

The transaction, which closed connected 31 March 2025, includes 28 edifice properties crossed Sweden; Denmark; and Norway, and is considered arsenic the "largest of its benignant successful the region".

The acquired portfolio, present managed by CapMan Real Estate, consists of 4,709 rooms, with plans to summation this fig to 4,887 by 2027.

Currently operated by Scandic Hotels Group and Strawberry, the hotels are situated successful cardinal metropolitan and determination locations, complementing CMH II's existing assets.

CMH II is an open-ended halfway positive money with a absorption connected investing successful Nordic edifice properties.

This acquisition diversifies CMH II’s portfolio and positions it arsenic a non-listed entity with a beingness successful the edifice sector.

The backstage plus institution aims to adhd worth to the recently acquired assets done progressive management, refurbishment, and repositioning strategies, targeting a simplification successful operating expenses and emissions.

CapMan Real Estate spouse and CMH II's money manager Thomas Laakso said: “The Nordic edifice marketplace is good positioned for continued growth, and we look guardant to processing the portfolio further successful enactment with the fund’s semipermanent strategy.

“In summation to the geographic diversification crossed 4 unchangeable countries, the portfolio besides benefits from a divers relation basal additionally balancing risk, which is perfect for the fund's income profile.”

In conjunction with the acquisition, CapMan Real Estate has strengthened its edifice team.

Marcus Carlsson joins arsenic elder spot director, and Robin Stenlund arsenic concern manager and portfolio manager. Additionally, Simon Hultén has been promoted to the relation of concern manager and lawman money director.

CapMan CEO Pia Kåll said: “We are thrilled to implicit this acquisition aft receiving the regulatory support from the Swedish Competition Authority.

"This milestone transaction not lone strengthens our presumption successful the Nordic edifice concern marketplace but besides attracts caller investors, contributing to the maturation of CapMan Group's assets nether absorption by €0.4bn towards our strategical people of €10bn during the ongoing strategy period.”

"CapMan Hotels II expands Nordic portfolio with Midstar Fastigheter acquisition" was primitively created and published by Hotel Management Network, a GlobalData owned brand.

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