2016-06-27 08:00Press release

Niam holds first close of €134 million for Niam Nordic Core-Plus II

The Nordic real estate private equity firm completed the first close for the Core Plus fund, a SCS-SIF limited partnership established in Luxembourg and targeting real estate investments in the Nordic region

Niam commenced marketing in February 2016, and the first close represents 45% of the targeted fund size. Most of the capital comes from German, Dutch and Swedish pension funds and financial institutions who are existing investors. Niam Nordic Core Plus II will be an income producing fund with a net IRR target of 8% and an annual income yield of 5%. The fund will specifically target office, retail and residential property investments in the four Nordic countries. The fund will invest through Niam’s organization locally located in Stockholm, Oslo, Helsinki and Copenhagen and is a continuation of the successful investment platform established with Niam Nordic Core-Plus I.

Johan Bergman, Niam CEO, comments, “we are very happy with the successful first close in our new core-plus fund and appreciate all the support from our exiting investors. We continue to see great income producing opportunities in real estate in our markets.”

Niam is currently actively managing a real estate portfolio of €2.9 billion through its four funds Niam IV, Niam V, Niam VI and Niam Core-Plus I.

For more information, contact:
Johan Bergman, CEO +46 8 5175 8500
Jennifer Andersson, COO, Head of IR & Business Development +46 8 5175 8559 

Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €2.9 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €6 billion through its own funds since 2000. Niam has a fully integrated investment team of 50 dedicated real estate professionals with experience across all major asset classes. The company is headquartered in Stockholm and has offices in Oslo, Helsinki and Copenhagen. For more information, please visit www.niam.com.

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.