2007-02-16 15:22Press release

Niam and the Whitehall Funds acquire a portfolio

Niam Fund III and the Goldman Sachs managed Whitehall Street Real Estate Funds have today agreed to acquire a property portfolio from Finnish real estate company Sponda for approximately €400 million.

The portfolio consists of parts of the Kapiteeli portfolio that Sponda bought from the Finnish government in December 2006. The portfolio consists of a significant number of properties in different sub-markets in Finland. The disposal is part of Sponda’s strategy to sell properties in order to refinance part of the credit raised to finance the Kapiteeli portfolio.

– “We are very happy to enter into this transaction together with the Whitehall Funds, our long-standing partner,” says Johan Bergman, Managing Director at the Swedish private equity firm Niam. “This acquisition is another cornerstone of the portfolio we are building in Finland, which we regard as one of our home-markets.”

Further information:
Johan Bergman, Managing Director, Niam, tel. +46 8 5175 8595, + 46 708 24 40 95
Felicia Wipp, Communication Manager, Niam, tel + 46 8 5175 8529, + 46 8 708 44 30 29

Niam is the leading private equity firm in Northern Europe specialising in property. Niam offer financial investors a high return via investments in funds that in turn invest in all types of properties. The funds are raised and managed on a discretionary basis. Since the company was founded in 1998, properties with a total value of €3.9 billion have been acquired by Niam’s funds or in association with international real estate funds. Today, Niam has owner responsibility for properties valued at €2 billion. Niam Nordic Investment Fund III is one of the largest property funds in Northern Europe.

About Niam AB

Niam, founded in 1998, is a leading private equity real estate firm in Northern Europe. Our head office is located in Stockholm, Sweden, and we have local offices in the Nordic capital cities of Oslo, Helsinki and Copenhagen. Niam has one of the largest real estate teams specifically focused on the Nordic Region. We recognize that our core strength is our people and our success is dependent upon attracting and developing the top real estate professionals in the region. Simply stated…Niam is people. Niam strives to be the Partner of Choice for Nordic real estate. Our network encompasses strong relationships that extend over decades with leading global institutional investors, European banks, tenants, municipalities and the local community. Our top managers average over 26 years of direct real estate experience. It is this collection of knowledge that makes Niam the Partner of Choice.