2014-10-09 09:00Press release

Niam acquires residential portfolio in Denmark

Niam expands its investments in Denmark and acquires a portfolio with approximately 285 condominiums from Finansiel Stabilitet.

Niam has signed an agreement with Finansiel Stabilitet to acquire a residential portfolio with
a total lettable area of 31,000 sqm. As of December 31, 2014, Niam will take ownership of approximately 285 condominiums and townhouses located in Glostrup and Birkerød in the Greater Copenhagen area and in Næstved in the south west of Zeeland.

Johan Bergman, CEO of Niam said; "We are very pleased to complete this transaction which complements our existing residential portfolios in Denmark. Niam believes that the Copenhagen residential market will continue to be attractive for investments going forward, and that the positive
development in the central parts of Copenhagen will affect the Metropolitan area."

Niam has made ​​significant investments in the Copenhagen area during the past years and will, with this transaction included, own more than 1,300 apartments totaling ​​~130,000 sqm

For more information please contact:  

Johan Bergman, CEO, Niam AB  
+ 46 8 5175 85 95, johan.bergman@niam.se

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

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 €2.5 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 44 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 according to AIFMD and Dodd Frank. 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.