2007-08-07 15:11Press release

Niam sells office portfolio in Finland to Acta

Acta Kapitalförsäkring has acquired an office portfolio in Finland for €125 million from Niam Nordic Investment Fund III. The portfolio comprises five properties in Helsinki, Vantaa, Tampere and Oulu.

Niam acquired the properties from NCC during 2004-2007. The portfolio comprises five modern office buildings totalling 36 000 sq m. The properties are located in established office locations in Helsinki, Vantaa, Tampere and Oulu.

Johan Bergman, Managing Director of Niam comments: “This was our first acquisition ever in Finland. Since the Finnish market has been very strong and we have been successful in leasing out the properties, we felt this was a good time to sell.”

The closing will take place at 27 September.

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.