Niam sells office property in Central Stockholm

Niam has sold the office property Vega 4 located in central Stockholm, Sweden to the fund DEREIF SICAV-FIS managed by Corpus Sireo Investment Management S. à r.l, Luxembourg. The deal closed on March 10, 2014.

Stefan Albinsson, Fund Manager at Niam, says, “Vega 4 is an attractive fully let office property with stable cash flows. By splitting Vega into two properties, Vega 4 and 5, Niam also created an opportunity to supply Stockholm city center with approximately 60 new apartments. Niam sold Vega 5 to Oscar Properties in November.”

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

Stefan Albinsson, Fund Manager, Niam AB
+ 46 8 5175 85 15, stefan.albinsson@niam.se

For further information about Niam, please contact:
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 and offers global institutions the opportunity to invest in the Nordic and Baltic property markets. Since inception in 1998, Niam has invested over €7 billion through its own funds or on behalf of its financial partners. Niam has a fully integrated investment team of 47 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.se.