Niam acquires two residential projects in Denmark
Niam and Milton Huse have entered into an agreement for the construction and purchase of two residential projects, comprising 244 homes. The majority of the homes are located in Haslev, central Zealand, and the rest are located in Lyndelse, just south of Odense, Funen.
The Haslev homes will be a part of a new large residential area, where the ambition is to create an attractive and affordable residential area. Playgrounds and a large activity house are being built in the area, which will be used for community-focused activities. There is also an option to convert some of the units to senior living houses in order for future tenants to stay in their homes, even if a need for care arises.
Upon completion, the projects will have an environmental certification according to DGNB Silver.
Michael Berthelsen, Country Manager Denmark, says, “We are very pleased to be collaborating with Milton Huse on these two residential projects, which will be a great addition to our existing portfolio. Both projects are within short commuting distance to each cities’ large university hospitals, and we believe that, among others, hospital employees will be interested in these energy-friendly quality housing, located close to nature at an affordable rent.”
Milton Huse expects the project to start end of 2021, with the first round of homes to be completed in early 2023. Construction is expected to be finalized during the first quarter of 2025.
Erik Rehnquist, CEO and owner of Milton Huse, says, ”We are very pleased with the process with Niam, and look forward to the future collaboration. Niam is very pragmatic in their approach, with a strong focus on the tenants, offering common facility, outside area with a playground and a consistent focus on sustainability. This is completely in line with Milton House's own values.”
With this transaction, Niam is increasing its presence in the Danish residential rental market and their current portfolio consists of approximately 1,650 rental apartments.
For more information, please contact:
Michael Berthelsen, Country Manager Denmark
+45 21 323 355, michael.berthelsen@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 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.
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