Niam acquires an office and hotel property in Stockholm

Niam has acquired the leasehold for Neapel 3 in Stockholm from Vasakronan. The property has a total lettable area of approximately 47,000 sqm, where the largest tenant is the Scandic Hotel.

Johan Bergman, CEO, says; "We are pleased to acquire a property with great potential in one of Stockholm's most important development areas. The plans that the City of Stockholm has for the area are exciting, and we look forward to being a part of the future development of such a central part of Stockholm. We are planning to construct 250 environmentally friendly homes close to the lake.”

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

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 €2.9 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested €6.1 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.