Niam acquires retail property in Sweden

Niam has signed an agreement to acquire the retail property Strömpilen 1 from Citycon AB. The property comprises a total of ~27,000 sqm and is located 5 kilometers outside of Umeå. The property has a diverse group of tenants, including ICA Maxi, Systembolaget and Apotek Hjärtat.

Johan Bergman, CEO, says, “This was an opportunity for Niam to acquire a retail property with development potential in Northern Sweden’s fastest growing city. The property is a good complement to the retail properties Niam has previously acquired in Sweden.”

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

For further information about Niam:
Jennifer Andersson, 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 €2.8 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €5 billion through its own funds since 2000. Niam has a fully integrated investment team of 42 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.