2007-05-04 15:20Press release

Niam Sells Logistics Property to NREP

Nordic Real Estate Partners (NREP) has recently acquired the property Loviseberg 1 in Tumba outside of Stockholm. The seller is Niam Fund III.

Loviseberg 1 is a 34,000 sq m modern distribution facility built in 2002. The main activity in the property is the distribution of everyday commodities, fruits and vegetables.

“During Niam’s hold period we have made the property more efficient according to the tenants’ needs and added some new tenants", says Johan Bergman Managing Director at the Swedish private equity firm Niam. “I am delighted to sell such a well adapted property to NREP.”

"This acquisition is highly appropriate in our property portfolio consisting of modern logistic properties. NREP are also highly positive about the tenants, which will add exposure towards the growing market of everyday commodities. The location, near highway E4 south of Stockholm, makes the property attractive both for local distribution in the Stockholm area as well as for regional distribution with a large flow of goods from southern Sweden and Europe", says Rickard Svensson, NREP.

Further information:
Johan Bergman, Managing Director, Niam AB +46 8 5175 8500
Felicia Wipp, Communication Manager, Niam AB +46 8 5175 8529
Rickard Svensson, Nordic Real Estate Partners +46 8 678 16 61
Tobias Alsborger, Nordic Real Estate Partners +46 8 678 16 62

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.