2006-10-17 15:25Press release

Niam Fund III Buys Most of Acta's Commercial Holdi

In one of the largest transactions on the Nordic real estate market this year, Swedish based Niam Fund III acquires the major part of Acta Kapitalförvaltning’s commercial property holdings in Sweden. The purchase price for the complete property portfolio amounts to approximately €400 million.

Five commercial properties with a total area of 135,000 m2 are being sold to the property fund Niam Fund III. The properties are located in the inner city area of Stockholm and in Lund. They include the famous Dagens Nyheter skyscraper, which is a Stockholm landmark, and the Electrolux head office. Other well-known tenants in the properties are Ericsson and the national social insurance agency.

“We are very pleased with this acquisition,” says Per Johannesson, Managing Partner at Niam.
“These are properties positioned in competitive locations, of a high standard and with well-known tenants.”

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.