2019-11-21 08:00Press release

Niam acquires Danish residential portfolio from Bach Gruppen

Niam has entered into a binding agreement to buy a residential portfolio from Bach Gruppen consisting of ~30,600 sqm, divided between 300 residential units located in central Jylland, Denmark. The majority of the units are located in Silkeborg and Randers.

The portfolio consists of modern, primarily terrace- and semi-detached houses. Some of the units in the portfolio are still under construction and will be completed during the first half of 2020.

Michael Berthelsen, Country Manager Denmark, says, ”With this acquisition, our portfolio of affordable housing is growing. There is a very positive development of several regional cities in the province and we find it interesting to expand our residential portfolio here.”

For more information, please contact:
Michael Berthelsen, Country Manager, Niam Denmark A/S          
+45 21 32 3355, michael.berthelsen@niam.com

For further information about Niam, please contact:
Jennifer Andersson, COO, Head of Investor Relations & Business Development, Niam AB
+46 8 5175 8559, jennifer.andersson@niam.com

Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3.2 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €10 billion through its own funds since 2000. Niam has a fully integrated investment team of more than 60 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 is its employees. We pride ourselves on being the best partner to our tenants, investors and the local community. Since inception in 1998, Niam has consistently outperformed through all real estate cycles. Today we are one of the largest private property owners in the Nordics, headquartered in Stockholm with local offices in Copenhagen, Helsinki and Oslo.