2012-06-14 13:15Press release

Niam holds first close of €133 million for Niam Nordic Core Plus

The Swedish real estate private equity firm completed its first close for the Core Plus fund, an FCP-FIS established in Luxembourg and targeting real estate investments in the Nordic region

Most of the capital comes from German, Swedish, Finnish and French public and corporate pension funds and financial institutions. “We look forward to expanding our investment activities into a new strategy where we are seeing interesting acquisition opportunities,” says Johan Bergman, CEO of Niam.

Niam Nordic Core Plus real estate fund will target office, retail and residential property investments and will be invested through Niam’s organization locally located in Stockholm, Oslo, Helsinki and Copenhagen.

Niam is currently actively managing a real estate portfolio of €3.3 billion through its three funds Niam III, Niam IV and Niam V.

For more information, contact:
Johan Bergman, CEO +46 8 5175 8500
Terje Björsell, Niam Nordic Core Plus Fund Manager +46 8 5175 8525
Jennifer Andersson, Director, Head of IR & Business Development +46 8 5175 8559

Niam is the leading real estate private equity firm in Northern Europe with total AUM of €3.3 billion. Niam offers financial institutions the opportunity to invest in the Nordic and Baltic property markets. Since inception in 1998, Niam has invested over €5.5 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, and has a fully integrated investment team of 40 dedicated real estate professionals. Niam’s experienced senior management team has on average 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.