Niam acquires retail park #Bernstorp

Niam has acquired a modern and well-functioning retail park in an established micro location in Malmö, Sweden. The retail park consists of four properties and ~48,500 sqm lettable area with 16 tenants, the largest being Bauhaus, City Gross, Elgiganten, Leos Lekland and Jula. Two new restaurants, McDonald’s and KFC, are currently being constructed. The seller is Aberdeen Standard Investments.

Fredrik Jonsson, Niam CEO, says, “We are happy to announce that we have acquired a well-functioning retail park with a strong tenant mix. Aberdeen Standard Investments has, in collaboration with RED, succeeded in developing #Bernstorp into a long-term attractive retail location, well positioned in the Malmö market”.

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

For further information about Niam, please contact:
Jennifer Andersson, COO, Head of Investor Relations & Business Development
+ 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 €3.6 billion. We offer global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €10.6 billion since inception. We have a fully integrated investment team of 67 dedicated real estate professionals with experience across all major asset classes. Niam is headquartered in Stockholm and has offices in Oslo, Helsinki and Copenhagen. For more information, please visit www.niam.com.