Niam expands its portfolio in Norway

Niam has acquired an office building in Lysaker, ~10 minutes by car from central Oslo, Norway. The property is approximately 22,500 sqm and is fully let to Cisco Systems Norway AS with a remaining lease term of 3.5 years.

Rikard Henriksson, Managing Partner at Niam is pleased with the acquisition. “When we acquire properties, we look for opportunities in all markets in the Nordic region and within all segments. The Lysaker area is a key transportation hub in the western fringe of Oslo. Major infrastructure investments are planned in the years to come making this property a good addition to our Norwegian portfolio.”

The seller is Union Real Estate Fund II Holding AS.

For more information, please contact:
Rikard Henriksson, Managing Partner
+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.