Niam has entered into an agreement to sell a residential portfolio of approximately 13,800 sqm to Heimstaden, a Swedish property company for a price of approximately DKK 422 million (€56.6 million).
The portfolio was acquired by Niam in 2013 and comprises 114 residential units located in four different locations in the greater Copenhagen area.
The sale follows a successful transaction of a residential portfolio of 436 units in Copenhagen between the parties earlier this year.
Johan Bergman, Niam CEO, says; “We are happy to once again do business with Heimstaden. We entered the Copenhagen residential market with good timing and the divestments that we have executed generate attractive returns for our investors” and he continues: “We have an unchanged positive view on the Danish property market and we expect to continue to be a significant and active investor going forward.”
The transaction will take place with effect as of October 1, 2016.
For more information please contact:
Johan Bergman, CEO, Niam AB
+46 8 5175 85 95, firstname.lastname@example.org
Kristian Krogh, Senior Director / Head of Denmark
+45 21 31 00 55, email@example.com
For further information or questions, please contact:
Jennifer Andersson, COO, Head of Investor Relations & Business Development
+46 8 5175 8559, firstname.lastname@example.org
Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over€6.3 billion through its own funds since 2000. Niam has a fully integrated investment team of 50 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.
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.