2007-11-06 15:04Press release

Niam acquires 16 properties from Dagon

Niam, the leading private equity firm in Northern Europe specialising in real estate, has purchased 16 properties from the listed Swedish real estate company, Dagon, together with Crown Asset Management. The properties were acquired through the joint company Niam Center Syd Fastighets AB.

Dagon is divesting the portfolio, comprising 16 assets, in order to strengthen its position in its target markets. Several of the assets are located in villages where Dagon owns only one or a few properties.

The assets comprise a total lettable area of ~66 000 sq. m., whereof a third is industrial, a third is retail and a third is office area. The assets are worth a total of ~€38 million. The closing is expected to take place on November 1st. During the period between today and the closing, a costumary Due Diligence will take place, which can cause alterations in the deal.

Johan Bergman, Managing Director of Niam comments: “This acquisition is part of our strategy to continue building our portfolio of industrial and logistic properties. We see lots of potential in these assets.”

Further information:
Johan Bergman, Managing Director, Niam AB +46 8 5175 8500
Felicia Wipp, Communication Manager, Niam AB +46 8 5175 8529

Note to the editor:

Niam is the leading private equity firm in Northern Europe specialising in real estate. Niam offers financial investors a high return via investments in funds that in turn invest in all types of properties. The funds are raised and managed on a discretionary basis. Since the company was founded in 1998, properties with a total value of €3.3 billion have been acquired by Niam’s funds or in association with international real estate funds. Today, Niam’s funds own properties valued at €1.6 billion. Niam Fund III has an investment capacity of approximately €1.8 billion.

About Niam AB

Niam, founded in 1998, is a leading private equity real estate firm in Northern Europe. Our head office is located in Stockholm, Sweden, and we have local offices in the Nordic capital cities of Oslo, Helsinki and Copenhagen. Niam has one of the largest real estate teams specifically focused on the Nordic Region. We recognize that our core strength is our people and our success is dependent upon attracting and developing the top real estate professionals in the region. Simply stated…Niam is people. Niam strives to be the Partner of Choice for Nordic real estate. Our network encompasses strong relationships that extend over decades with leading global institutional investors, European banks, tenants, municipalities and the local community. Our top managers average over 26 years of direct real estate experience. It is this collection of knowledge that makes Niam the Partner of Choice.