2018-01-31 09:50Press release

Niam acquires retail assets in Helsinki

Niam has signed unconditional agreements to acquire Suurpelto Retail Center and Laajasalo Retail Center in Helsinki from NCC Property Development Oy.

Suurpelto Retail Center opened in November 2017 and is in an excellent location in the growing Suurpelto city district of Espoo, just next to Ring Road II. The property has a lettable area of 4,500 sqm and is fully let and anchored by a Kesko grocery store. Laajasalo Retail Center is scheduled to open in November 2018 and is in the attractive and growing Laajasalo area in the city of Helsinki. The property has a lettable area of 8,400 sqm and is already almost fully let and anchored by two grocery stores, Kesko and HOK-Elanto.

Fredrik Jonsson, Niam CEO, says, “We are excited to acquire Suurpelto and Laajasalo Retail Centers. The combination of brand new centers in attractive and growing areas and the clear focus on everyday needs provides the investment stability that we are looking for.”

For more information, please contact:
Fredrik Jonsson, CEO, Niam AB
+46 8 5175 85 23, fredrik.jonsson@niam.se

Victor Wettergren, Fund Manager, Niam AB
+ 46 8 5175 85 25, victor.wettergren@niam.se

For further information about Niam:
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 €3.5 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €7.5billion through its own funds since 2000. Niam has a fully integrated investment team of 55+ 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, 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.