Niam sells office property in Gothenburg

Niam sold the office property Nordstaden 28:2 in Gothenburg, Sweden, which has a total lettable area of ~9,100 sqm after extensions. The property consists of the former marine officer school which was built in 1862, and it has a beautiful view of the Göta River and the inlet to Gothenburg. The buyer, a company within SEFA, will take ownership on September 26, 2013.

Stefan Albinsson, Fund Manager at Niam commented, “Niam created an interesting project in the former marine office school after learning that the current tenant is moving out. SEFA shares our vision and we are glad that they plan to continue further development of the property.”

For more information please contact:

Johan Bergman, CEO, Niam AB  
+46 8 5175 85 95, johan.bergman@niam.se

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

For further information about Niam:

Jennifer Andersson, Head of Investor Relations & Business Development 
+ 46 8 5175 85 59, jennifer.andersson@niam.se

Niam

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 €6.5 billion through its own funds or on behalf of its financial partners and has generated a realized gross leveraged IRR of 30%. Niam has a a fully integrated investment team of 43 dedicated real estate professionals with more than 350 years of combined real estate 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.