2016-01-26 07:00Press release

Niam acquires 461 residential units in Aalborg, Denmark

Niam has acquired two residential portfolios in Aalborg in two independent transactions. The combined portfolios comprise 461 apartments with a total lettable area of approximately 46,500 sqm. The majority of the portfolio, 419 units, is located in “DaVinci Parken,” an area in southern Aalborg near the University of Aalborg and the new University Hospital, which is under construction. The remaining 44 apartments are located on the harbor front of Aalborg.

Johan Bergman, Niam CEO, says; “We have been tracking the development in Aalborg for some time and we are very pleased to acquire these two residential portfolios characterized by excellent locations and quality. Aalborg is a dynamic city and we expect it to experience a continued positive development in the years ahead.”

For more information please contact:
Johan Bergman, CEO, Niam AB
+46 8 5175 85 95, johan.bergman@niam.se

Kristian Krogh, Head of Denmark, Niam Denmark A/S
+45 21 31 00 55, kristian.krogh@niam.dk

For further information or questions, please contact:
Jennifer Andersson, COO, Head of Investor Relations & Business Development
+46 8 5175 8559, jennifer.andersson@niam.se

Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €2.3 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €6 billion through its own funds since 2000. Niam has a fully integrated investment team of 49 dedicated real estate professionals with experience across all major asset classes. The company is headquartered in Stockholm and has offices in Oslo, Helsinki and Copenhagen. For more information, please visit www.niam.com.

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.