Finnish-based asset manager Capman Real Estate has advised Germany's BVK pension fund on the acquisition of a €80 mln residential portfolio in Helsinki.

The portfolio comprises 356 apartments at seven locations in the Helsinki metropolitan area, with a total area of 18,800 m2. The vendor was local real estate fund KR IV Ky.

Capman, which sourced and advised on the transaction, will also act as asset manager.

Mika Matikainen, head of Capman Real Estate, said: 'This commitment demonstrates the strength and high regard of our team in the Nordic real estate market. As advisors, we are able to leverage our expertise and networks while utilising value added strategies that we have successfully implemented in our own funds over the years.'

Bayerische Versorgungskammer (BVK), headquartered in Munich, is Germany's largest pension scheme group, with around two million members and €62 bn of assets under management.