CapMan establishes EUR 835 million hotel real estate fund

CapMan Plc has established a new private equity real estate fund,
CapMan Hotels RE Ky, investing in hotel real estate. The fund has
today signed an agreement on the acquisition of a EUR 805 million
hotel portfolio of 39 properties from Northern European Properties
Ltd (NEPR). The establishment of the new fund raises the total
capital managed by CapMan by some 27 per cent to approx. EUR 3.8
billion. The establishment of the fund is estimated to have a
slightly positive impact on CapMan's result for 2008.