The Seminaari School is the largest primary school in Hämeenlinna, accommodating approximately 700 pupils, and the entire property is leased to the City of Hämeenlinna on a long-term lease. During Capman Real Estate’s ownership, significant value-enhancing projects were completed, including:

- The finalisation of a comprehensive renovation of one of the buildings, originally completed in 1953, in close cooperation with the City of Hämeenlinna

- Implementation of extensive energy-efficiency and accessibility improvements

- Installation of a new geothermal heating system, significantly reducing the property’s carbon footprint and increased the amount of on-site generated renewable energy

Combined energy efficiency and geothermal heating investments are calculated to lead to more than 65 percent reduction in primary energy demand of the property. Furthermore, these measures allowed the upgrading of the energy performance certificate (EPC) of the property from C and D (CCCD) to EPC class A for each of the 4 buildings making the property EU taxonomy aligned, definition of sustainable investments.

These measures improved the property’s energy efficiency, user experience, and long-term value, positioning the school property as a modern educational facility.

“We are pleased to have completed these planned renovation projects and sustainability investments to the Seminaari School property during our ownership and in good cooperation with the property’s tenant, City of Hämeenlinna. It’s great to hand over a high-quality and sustainable educational asset to its new owner. This transaction highlights our active asset management approach and our ability to enhance the long-term value and sustainability aspects of socially important properties. We would like to thank the City of Hämeenlinna for the excellent cooperation throughout our ownership,” says Aleksi Konsti, Head of Finland at Capman Real Estate.

“This transaction further reinforces Capman Real Estate’s strong and proven track record in acquiring, developing, managing, and divesting public-use properties across the Nordics, including educational facilities, care homes, and police stations,” adds Mika Matikainen, Managing Partner and CEO at Capman Real Estate.

Following this transaction, the second exit from the fund, the Capman Nordic Real Estate III fund continues its value-increasing activities across all portfolio assets.