2012-03-02 04:00Press release

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 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.

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.