Mestro AB has signed a framework agreement with CapMan Real Estate Oy for the delivery of the company’s energy monitoring product suite. In connection with the signing of the framework agreement, Mestro’s products are implemented in Capman’s properties in the Swedish, Norwegian and Danish markets. The annual subscription revenues in these countries are estimated at approximately 300 KSEK.
The international group CapMan owns and manages properties in several northern European markets. With offices in Helsinki, Stockholm, Oslo, Copenhagen, London and Luxembourg, they have properties in housing, offices, logistics, retail and hotels. The choice fell on Mestro as a supplier of their energy monitoring, as the company delivers its services in all of CapMan’s markets.
“The fact that CapMan has chosen Mestro is obviously extremely gratifying. The fact that an investment company with their reputation chooses us based on our focus on sustainability and available support just makes it even better. Together with my team, I look forward to delivering our services to CapMan and hopefully helping the collaboration to grow across more markets,” says Gustav Stenbeck, CEO of Mestro.
Mestro and CapMan have for some time had a pilot project in Sweden, Norway and Denmark and now CapMan has chosen to go further and sign a framework agreement. The framework agreement establishes an overall framework for pricing, supply and delivery between the companies. In the first phase, properties in the Swedish, Norwegian and Danish markets will be connected, and the annual subscription revenue is estimated to amount to approximately 300 KSEK, of which approximately 250 KSEK relates to newly connected properties outside the previous pilot project.
Historically, Mestro together with clients such as Balder and Niam have been able to establish themselves in new markets. The new framework agreement with CapMan enables a similar expansion into more markets.
About CapMan
CapMan is a leading Nordic investment company that has created value in unlisted companies, properties and infrastructure for over 30 years. CapMan has offices in Helsinki, Stockholm, Oslo, Copenhagen, London and Luxembourg. CapMan currently owns a property portfolio of 4 billion EUR in the Nordic region.
