Niam has, from European Property Fund SICAV, managed by Aviva Investors, acquired the property Blåfjäll 1 in a company transaction based on a property value of SEK 485 million. The property holds an office building from 2002 comprising 26,000 square meters, incl. garage, and is fully leased to Ericsson.
The Seller was represented by Cushman & Wakefield.
Niam has, including this transaction, acquired properties for SEK 10 billion in just over one year on behalf of its fund Niam Nordic Fund IV.
-We pursue our present investment strategy of large, selective acquisitions from motivated sellers in tune with the conditions and demands on both buyers and sellers in today’s investment market, says Fredrik Jonsson, CIO at Niam.
-We are delighted and proud to be entrusted with the task of representing Aviva Investors in such a large and important transaction under the present tough market conditions. There have been several interested parties, but Niam was the preferred choice due to their proven capability of carrying out transactions despite all difficulties in the current market, says Magnus Lange at Cushman & Wakefield.
Niam took over the properties on November 30, 2009.
For more information, please contact:
Johan Bergman, Managing Director, Niam AB +46 8 5175 8595
Niam is one of the leading real estate private equity firms in Northern Europe and offers financial investors an opportunity to invest in the Nordic and Baltic regions through local funds. Since inception 1998, Niam, through its funds or on behalf of its financial partners, has invested an aggregate of approximately €5.5 billion and disposed of properties totaling €3.7 billion. In January 2008, Niam Nordic Fund IV closed with approximately €700 million in equity, generating an investment capacity in the range of €2.5-3.0 billion. Today, Niam manages properties for approximately €2.0 billion through its two funds, Niam Nordic Investment Fund III and Niam Nordic Fund IV.
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.