News
2026–03–05 NCAP launches mandate to build a sustainable core logistics portfolio in Germany
NCAP has successfully completed the acquisition of a fully let logistics asset in Bensheim, in the Rhine-Main region near Frankfurt, Germany, on behalf of a multi-family office. The transaction was brokered by BNP Paribas Real Estate.
The modern property offers approximately 10,600 sqm of lettable area and is leased long-term to a contract logistics provider. It includes high-quality warehouse, office, and mezzanine areas, meeting high standards of flexibility and sustainability.
Bensheim is part of one of Germany’s main logistics hubs, with excellent connectivity to Frankfurt and the wider European transport network.
This marks NCAP’s first transaction in Germany and the start of a dedicated mandate to build a sustainable core logistics portfolio. The strategy focuses on modern, flexible logistics assets in established regions with stable, long-term cash flows.
– With this acquisition, we are laying the foundation for the systematic expansion of a resilient logistics portfolio in Germany, says Stephan Obermayer, Managing Partner at NCAP Germany.
2026-02-25 Meet NCAP in Cannes during MIPIM week, 9–13 MarchNCAP launches mandate to build a sustainable core logistics portfolio in Germany
During MIPIM week, members of the NCAP team will be on site to meet with you, our clients, investors, and partners. We look forward to sharing insights and discussing opportunities that could create real value for your projects.
You can get in touch with the team by visiting our Team page for contact details.
2026-02-23 Manon Gabs Nielsen Promoted to Investment Manager
We are pleased to announce that Manon Gabs Nielsen has been promoted to Investment Manager, effective January 1, 2026.
Manon has been a key contributor to NCAP’s investment team, and this promotion recognizes her dedication, expertise, and collaborative spirit. In her new role, she will continue to play a central part in our investment activities and team collaboration.
Congratulations to Manon on this well-deserved achievement.
2026-02-10 NCAP Welcomes Haukur Örn Valtysson
Haukur joined us in December 2025 as an Analyst on the Swedish investment team. He comes from Icelandic Securities, where he worked as an Alternative Investment Analyst focusing on financial analysis and business development for portfolio companies. Haukur holds an M.Sc. in Real Estate and Construction Management from KTH and a B.Sc. in Financial Engineering from Reykjavik University.
We are pleased to have Haukur join our team.
2026-02-10 NCAP Welcomes Anna Öhman
Anna Öhman joined us in January 2026 as a Transaction Analyst on our investment team in Malmö. She comes from Vectura Fastigheter, a Swedish real estate company, where she worked with transactions, and previously was part of JLL’s Capital Markets team specializing in residential transactions. Anna holds a Master of Science in Real Estate Economics, Surveying and Land Management from LTH (2018).
We are excited to welcome Anna to NCAP.
2025-12-17 Søren Heron Achieves DGNB Consultant Buildings in Use Certification
We are pleased to announce that Søren Heron has achieved the DGNB Consultant Buildings in Use certification. This qualification gives NCAP enhanced insight into the sustainability and operational performance of existing buildings.
With this expertise, we can help clients improve building performance, increase energy efficiency, optimize operations, and make data driven decisions that deliver environmental, social, and economic value. Søren’s achievement strengthens our ability to turn sustainability knowledge into measurable results for our clients.
Learn more about DGNB: https://www.dgnb-system.de/en/
2025-12-17 - Tim Gutteridge Achieves RICS Project Management Qualification
We are delighted to share that Tim Gutteridge has achieved his RICS Project Management qualification via the APC route. This is a great achievement and a clear reflection of Tim’s dedication and professionalism. His qualification strengthens NCAP’s project management capabilities and supports our continued focus on delivering high quality, ethical and accountable services to our clients.
Learn more about RICS: https://www.rics.org
About the APC route: https://www.rics.org/uk/training-events/apc/
2025-07-20 - NCAP Sells Nørretorv District Centre, Ringsted, Denmark
In June 2024, NCAP were appointed as asset manager for a Danish 62,300 m2 multi asset portfolio on behalf of a Swiss family office. A new dynamic AM approach and strategy has been required which will include refinancings, asset repositioning, sales and lettings.
NCAP are therefore very pleased to have completed an early phase of their strategy with the sale of Nørretorv, a neighbourhood centre in Ringsted. The 12,000 m2 Centre was partially vacant when NCAP became AM.
Stage 1 of the strategy was to adopt an ambitious leasing strategy based on the creation of a local health centre to compliment the existing Office, grocery and convenience offerings.
This was successfully achieved in early 2025 when the remaining vacancy was let to the local Municipality for use as a health centre.
Having achieved 100% occupancy, NCAP’s strategy was to dispose of the property. This has now been achieved with the sale to a Danish investor at a price exceeding book value.
The sale allows NCAP to redeploy capital and resources as they continue to enhance portfolio performance’.
2025-05-20 New Letting – Metropol, Njalsgade 72A, 2300 Copenhagen
Just 6 months after taking over the project from another Asset Manager, NCAP can announce that the Metropol office building on Islandsbrygge in Copenhagen is fully let. This has been achieved with the letting of 7,156 sqm to Cheval Blanc and the University of Copenhagen.
Based on Convenience, Efficiency and Sustainability, the 10,000 sqm building has been transformed from an empty office building to a modern multi-user building which, in addition to Europe's largest moss wall, also offers new shared facilities such as a canteen, meeting centre, changing rooms and roof terraces with greenhouses which can be used as alternative meeting rooms.
All of the property's office areas have been renovated to minimize resource consumption, while a reorganization of the property's work and common areas has resulted in better space utilization and thus optimal capacity utilization.
The property is leased to Yo Studios, Zendesk, Amesto, Dermarome and now Cheval Blanc and the University of Copenhagen.
The property will be certified according to DGNB Gold standards.
2025-06-02 Energy Optimization Upgrades - Galleria Center Syd, Malmo, Sweden
The NCAP Project Management Team, in collaboration with Retta and AFRY, on behalf of our partners, Catalyst Capital can report the completion of several key energy initiatives delivered at Galleria Center Syd. Delivered on time and budget, the 30.000m2 roofing replacement, 300 KWp solar panel upgrade, replacement of 3 major ventilation units and connection to district heating serves to reduce annual energy consumption by over 40%. This will ensure that Center Syd will continue to be a focal point for tenants and customers and maintains the owners strong commitment to sustainable properties.
2025-01-15 Hjulmagervej 21-25, 7100 Vejle, Denmark
NCAP have advised ABG Project Finance and Erla on the acquisition of a modern production and warehouse facility in Vejle, in the northern part of Denmark’s Triangle Region which is among Denmark's top transport and logistics hubs. The Property has a GLA of 25,536 sq m and is located just off the E35 motorway in a well-established mixed-use logistics and industrial area. The property is fully let and serves as the regional headquarters for Ammeraal Beltech Modular, a leading global belting company.
2025-01-06 Fully Let - Nørretorv District Centre, Ringsted
NCAP reports that the Nørretorv District Centre, Ringsted is now fully let. The 12,058 sqm. district centre, which was built in the late 1980s, has at times experienced vacancy rates of over 20%. This called for a new approach to the activities that should be housed in the Centre to transform it from a high vacancy to a fully leased district centre. The result was an ambitious leasing strategy based on the creation of a local health centre combined with other service functions necessary for a city the size of Ringsted.
With its central location and easy accessibility for citizens from across the municipality, Nørretorv proved to be an obvious choice as the Municipality's Health Centre. Today the Centre houses 11 health tenants from podiatrists to dentists, together with other essential local services including grocery, restaurant, hairdresser and a Scandic Hotel. These all share a car park with Ringsted Congress Centre, providing optimal use of the parking spaces around the clock.
2024-10-15 The Biscuit House, Amager Strandvej 60 Copenhagen
The NCAP Project Management Team, in collaboration with Over Byen Architects and Klaus Nielsen Consulting Engineers, on behalf of our partners, Quadoro are pleased to have completed the façade renovation at Amager Strandvej 60. Delivered on time and budget, the new facade delivers triple glazed windows, 200mm thick façade insulation, an EPC B rating and a completely upgraded appearance. These upgrades provide a major improvement for current and future tenants.
2024-08-29 NCAP achieves BREEAM (In-Use) Very Good for Venusvej 44, Kolding, Denmark
The NCAP Project Management Team, in collaboration with Drees & Sommer, on behalf of investor partners and the tenants Tresu, have successfully completed the BREEAM (In-Use) Very Good certification for the property. This follows several months of detailed investigation, planning and execution and reinforces the landlords commitment to sustainability. The Property for which NCAP is the Asset Manager was constructed in 2021 and is the HQ Warehouse & Office for Tresu Group and comprises of 13,008 m2 GLA and 200 parking lots.
2024-07-31 NCAP advises Aviva on the acquisition of a new logistics facility in Helsingborg, Sweden
Built in 2022, the property sits in the Bjuv municipality of Helsingborg with a total lettable area of 27,500 sq m comprising warehouse and production space. The facility is let to an international distributor in the fresh food industry. The building has excellent sustainability credentials and has been awarded a Silver certification under the Miljöbyggnad scheme, a Swedish system for environmental certification of buildings developed by the Sweden Green Building Council It has also achieved an EPC-A rating.
Helsingborg is considered one of the leading logistics hubs in Sweden and the wider Nordic region.
2024-02-02, NCAP & Europa Capital exit Fleminggatan 20, Stockholm
Europa in partnership with NCAP, have sold their newly refurbished 13,316 sq m, seven storey office building in central Stockholm, Sweden, to KPA Pension, the leading pensions company for local governments in Sweden and part of the Folksam Group. This followed the signing of the most recent office letting at the building in December 2023 to Ekonomistyrningsverket (ESV), the Swedish National Financial Management Authority, taking occupancy to 95%.
The asset was acquired in July 2019, with vacant possession gained in 2020. Working as Europa’s local partner, NCAP masterminded the complete refurbishment of the building. This included the creation of an additional 1,409 sq m of lettable offices, the addition of a new reception lobby, a change of use to create a restaurant space and other structural enhancements, which improved the building’s sustainability performance to BREEAM “Very Good” certification and Fitwel Level 1 accreditation.
Other key occupiers secured include Foodora, the Swedish food delivery and Q-commerce company, and AB Svensk Exportkredit, the state-owned export credit agency.
Located on the island of Kungsholmen in central Stockholm, Fleminggatan 20 benefits from excellent connectivity and is a short walk over the canal from Stockholm City Station.