Niam divests three prime office properties in Denmark

Niam has divested three office buildings in Denmark, all within 20-minutes drive from central Copenhagen. Together the properties comprise ~32,600 sqm of gross lettable area.

Two of the properties, VAT83 and Telefonvej, are in Gladsaxe, just northwest of Copenhagen. VAT83 is a modern, flexible and sustainable multi-user property with a DGNB Silver environmental certification. The anchor tenants are AGC Biologics, Lenovo and TEVA. Telefonvej is a fully let office and fitness property with Fitness World and Thales Denmark as the main tenants.

The third property in the portfolio, Nybrovej, is situated in Lyngby. With its ~10,000 sqm lettable area, it offers the tenants a fully refurbished, flexible and sustainable domicile office property. It is DGNB Silver environmentally certified and the anchor tenant is Danish Building and Property Agency.

Michael Berthelsen, Country Manager, Denmark says, “We purchased these properties seven years ago and have succeeded in getting credible tenants in both VAT83 and Nybrovej as well as having the properties certified according to DGNB classification. We have now divested the properties to NREP who will continue to manage them and its tenants responsibly”.

Anders Østergaard Hansen, Head of Office investments NREP, says,” We look forward to meeting the existing tenants in the portfolio to hear about their plans and needs, which we look forward to finding solutions to. Flexibility and customer orientation are key words for us and the cornerstones of NREP's new office brand Woods”.

Anders also thanks Niam for a good collaboration with the deal.

”Niam has been skilled and professional at all times, and we are confident that the buildings and tenants have been treated well and we are proud to continue their good work” says Anders Østergaard Hansen.

For further information:
Michael Berthelsen, Country Manager, Niam Denmark A/S          
+45 21 32 33 55, Michael.Berthelsen@niam.dk

For more information about Niam, please contact:
Rikard Henriksson, Managing Partner, Niam AB
+46 8 5175 85 63, rikard.henriksson@niam.com 

Niam is one of the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3.9 billion. We offer global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €11 billion since inception. We have a fully integrated investment team of more than 70 dedicated real estate professionals with experience across all major asset classes. Niam is headquartered in Stockholm and has offices in Oslo, Helsinki, Copenhagen and Luxembourg. For more information, please visit www.niam.com.