2018-11-30 10:30Press release

Niam sells an office property in Stavanger, Norway

Today, Niam divested Jåttåvågvejen 10-12 in Stavanger, Norway to a fund managed by H.I.G. Capital. The properties consist of two connected buildings with an underground garage and has a total area of 66,634 sqm, of which 15,764 sqm is parking. The tenants are Aker Solution and Akastor ASA.

Kjell Sagstad, Country Manager, says, "We continue to see a strong Norwegian transaction market, especially for stable performing assets. This property is an efficient and good office property in a growing market that we will now hand over to H.I.G. Capital.”

Niam’s advisors in the transaction were Akerhus Eiendom, Selmer and PwC.

For further information:
Kjell Sagstad, Country Manager, Niam AS
+47 92 21 30 20, kjell.sagstad@niam.no

For further information about Niam:
Jennifer Andersson, Head of Investor Relations & Business Development, Niam AB
+46 8 5175 85 59, jennifer.andersson@niam.se

Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3.2 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €10 billion through its own funds since 2000. Niam has a fully integrated investment team of 59 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.