Niam disposes of office property to the Reitan group

Niam has signed a binding agreement to dispose of the office property Pirsenteret to E.C. Dahls Eiendom AS, a subsidiary to Reitan Eiendom AS. Pirsenteret is located in central Trondheim, Norway and comprises approximately 63,500 sqm. Closing is scheduled to take place during the first quarter 2012.

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

Kjell Sagstad, Senior Director, Niam
+47 92 21 30 20, Kjell.sagstad@niam.no
Niam

Niam
Niam is the leading real estate private equity firm in Northern Europe and offers financial institutions the opportunity to invest in the Nordic property market. Since inception in 1998, Niam has invested over €5 billion through its own funds or on behalf of its financial partners and has generated a realized gross leveraged IRR of 31%. Niam is headquartered in Stockholm with satellite offices in Oslo, Helsinki and Copenhagen, a fully integrated investment team of 40 dedicated real estate professionals and an experienced senior management with an average of over 20 years of direct real estate investment and development experience. For more information, please visit www.niam.se.