2012-11-08 11:35Press release

Niam sells 72.5% of Sektor Gruppen, the second largest shopping center company in Norway

Niam, a leading Nordic real estate private equity firm, signed an agreement with an investor group in Norway to sell a 72.5% share of Sektor Gruppen. The investor group consists of Joh. Johannson AS (31% share), Varner Invest AS (27% share) and Home Invest AS (14.5% share). Sektor Gruppen is the second largest shopping center company in Norway with NOK 15.7 billion in annual turnover through its 26 owned, leased and managed shopping centers.

“Niam has worked actively together with the highly skilled retail property management team within Sektor to continue building it into one of the leading shopping center companies in Norway. We are also pleased to become partners with a financially strong investor group with a proven track record in Norwegian retail,” says Johan Bergman, CEO of Niam.

During the two and a half years that Niam has owned the company, the turnover has grown by 40 percent, as a result of expansions, acquisitions, and new centers under management. Niam will own 27.5% of the company going forward.

The transaction value of the company was in excess of NOK 7 billion.

For more information, please contact
Johan Bergman, CEO, Niam AB
+46 8 5175 85 95, johan.bergman@niam.se

Kjell Sagstad, Senior Director, Norway, Niam AB
+47 92 21 30 20, kjell.sagstad@niam.no

For further information about Niam:
Jennifer Andersson, Head of Investor Relations & Business Development, Niam AB

Niam is the leading real estate private equity firm in Northern Europe and offers financial institutions the opportunity to invest in the Nordic and Baltic property markets. Since inception in 1998, Niam has invested over €6 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 offices in Oslo, Helsinki and Copenhagen, a fully integrated investment team of 40 dedicated real estate professionals and an experienced senior management with 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.