Niam acquires residential portfolio of 646 units in Copenhagen

Niam has acquired a residential portfolio comprising 65,000 sqm at a purchase price of approximately DKK 1.3 billion. The portfolio consists of 646 condominiums located in the greater Copenhagen area with the majority located on the attractive Copenhagen harbor front.

Johan Bergman, CEO at Niam says, “We are very satisfied with our first investment in the Danish market through the acquisition of this residential portfolio that is characterized by excellent location, high quality and steady existing income. Niam is confident that the residential market in Copenhagen is a very attractive investment area that will continue to benefit from economic and population growth in the years ahead.”

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

Kristian Krogh, Senior Director
+45 21310055, kristian.krogh@niam.dk

For further information about Niam:
Jennifer Andersson, Head of Investor Relations & Business Development jennifer.andersson@niam.se

Niam is the leading real estate private equity firm in Northern Europe and offers financial institutions the opportunity to invest in the Nordic and Baltic property markets. Since inception in 1998, Niam has invested over €5 billion through its own funds or on behalf of its financial partners and has generated a realized gross leveraged IRR of 31%. Niam is headquartered in Stockholm with offices in Oslo, Helsinki and Copenhagen, a fully integrated investment team of 38 dedicated real estate professionals and an experienced senior management with over 20 years of direct real estate investment and development experience. For more information, please visit www.niam.se.