Niam acquires retail park Solåsen Handel
Solåsen Handel, a modern and well-functioning retail park in Jönköping, Sweden Niam has acquired Solåsen Handel, a modern and well-functioning retail park located in an established micro location in Jönköping, Sweden. The retail park consists of three properties and ~36,000 sqm lettable area with 22 tenants, the largest being K-Rauta, Leos lekland, XXL, MediaMarkt and Rusta. Additionally, a new store for Dollarstore is currently being constructed. The seller is Genesta.
Victor Wettergren, Fund Manager, says: “We are happy to announce that we have acquired a well-functioning retail park with a strong tenant mix, in an attractive and well positioned area in the Jönköping region. Niam will continue to strengthen the retail park even further by, for example, various ESG initiatives.”
David Neil Genesta’s CEO, says: “We are very pleased with the process with Niam and we are happy to hand over Solåsen Handel to them. Their future plans for sustainable development will benefit both tenants and visitors.”
The acquisition of Solåsen Handel is the first acquisition in Sweden for the fund Niam Core-Plus III. Most of the capital derives from European pension funds and financial institutions, with a mix of both existing and new investors. The fund will acquire residential, office, logistics, public-use and retail investments in the four Nordic countries.
AG Advokat has been Niam’s legal advisor in the transaction.
For more information, please contact:
Victor Wettergren, Fund Manager
+46 8 5175 85 25, victor.wettergren@niam.com
For more information about Niam, please contact:
Rikard Henriksson, Managing Partner
+46 8 5175 85 63, rikard.henriksson@niam.com
About Niam AB
Niam is one of northern Europe's leading fund managers with a focus on investments in real estate and infrastructure. Since its inception in 1998, Niam has offered institutional investors the opportunity to invest in the Nordic real estate market through their funds. With extensive experience and expertise, the focus is on identifying and implementing improvements that create the best properties for our tenants and the communities where they are located with the goal of meeting both current and future needs. For the past 24 years, Niam has invested in properties of more than €12 billion and today they manage a property portfolio of approximately €2.7 billion. Niam Infrastructure focus on sustainable investments within renewable energy, transportation and telecom in the Nordics and northern Europe. The platform's first fund concentrates on small to medium-sized investments with a focus on asset aggregation and risk reduction in primarily sustainable infrastructure. Niam has almost 100 employees with offices in Stockholm, Helsinki, Oslo, Copenhagen and Luxembourg. For more information, please visit www.niam.com.
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