Niam acquires shopping center in Helsinki, Finland

On September 17, 2015, Niam signed an agreement to acquire the Kaari shopping center located in Kannelmäki, close to Ring Road I, in Helsinki, Finland. The Kaari center is Helsinki’s fifth largest shopping center with a total lettable area of ~48,000 sqm. The seller, HOK-Elanto, has signed long-term lease agreements for the areas they are currently occupying. The transaction is expected to close in October 2015.

Stefan Albinsson, Fund Manager at Niam says, “This was an opportunity for Niam to acquire a high quality and modern shopping center at a great location. Niam sees potential to further grow the foot fall of the shopping center.”

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

Stefan Albinsson, Fund Manager, Niam AB
+ 46 8 5175 85 15, stefan.albinsson@niam.se

For further information or questions, please contact:
Jennifer Andersson, COO, Head of Investor Relations & Business Development
+46 8 5175 8559, jennifer.andersson@niam.se

Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €2.7 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 48 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.