Niam acquires office properties in Stavanger

Niam has signed an agreement to purchase all shares in Hinna Park Invest AS, a company that owns the property Jåttåvågveien 10-12 in Stavanger. The property consists of two office buildings constructed in 2012, with a total area of ~66,000 sqm including parking. The tenants are Aker Solutions ASA and ASA Akastor. The transaction is based on a property value of ~1.5 billion NOK and the seller of the shares is a syndicate.

Kjell Sagstad, Head of Norway Niam, says, "This is an opportunity for Niam to acquire two newly built properties with strong tenants in an attractive location in Stavanger."

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

Kjell Sagstad, Senior Director, Niam AS
+ 47 922 13 020, kjell.sagstad@niam.no

For further information about Niam, please contact:
Jennifer Andersson, Head of Investor Relations & Business Development, Niam AB
+ 46 8 5175 85 59, 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. Since inception in 1998, Niam has invested over €7 billion through its own funds or on behalf of its financial partners. Niam has a fully integrated investment team of 43 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. Niam is certified under AIFMD and Dodd Frank. For more information, please visit www.niam.com.