Niam has acquired two additional commuter hubs in Sweden from Grosvenor Europe. The newly acquired portfolio includes Väsby Centrum and Bålsta Centrum, both with strategic locations close to important commuter hubs in northern Stockholm. The properties have a variety of necessity driven retail such as grocery, healthcare and restaurants.
The properties have a combined lettable area of 52,000 sqm with ~1,000 parking spaces. Both municipalities have a significant expected population growth that will benefit the centers and its tenants.
Daniel Andersson, Head of Acquisitions Sweden, says, “These acquisitions complement our existing portfolio in an excellent way, and we see great development potential for them. We look forward to further strengthen their positions as the obvious local meeting places for residents, retail, socializing and various types of social service.”
Carl Strufve, Director Nordics, Grosvenor Europe says: "Since acquisition in 2011, we have worked conscientiously to develop Väsby and Bålsta Centrums into attractive city centers that better meet the needs of residents and visitors in their respective areas. The sale of these assets is part of our investment strategy, having delivered properties that are in significantly better condition than when we acquired them, and with great development potential. We are happy that Niam shares our vision for Väsby- and Bålsta Centrum and we continue to look for other opportunities to invest in our existing portfolio and in the Stockholm region.”
Closing is estimated April 1, 2022. Niam’s commuter hub portfolio will then consist of more than 150,000 sqm lettable area.
For more information, please contact:
Daniel Andersson, Head of Acquisitions Sverige
+46 705 55 08 35, firstname.lastname@example.org
For more information about Niam, please contact:
Rikard Henriksson, Managing Partner
+46 8 5175 85 63, email@example.com
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 23 years, Niam has invested in properties of more than €11.5 billion and today they manage a property portfolio of approximately €2.4 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 more than 85 employees with offices in Stockholm, Helsinki, Oslo, Copenhagen and Luxembourg. For more information, please visit www.niam.com.