2019-07-02 14:42Press release

Niam sells residential portfolio in Greater Copenhagen, Denmark

Niam has agreed to divest a residential portfolio located in three locations in Greater Copenhagen and Zealand, Denmark, to the listed real estate company Heimstaden, who has previously acquired residential portfolios from Niam. The units consisted of terraced houses, apartments and two commercial office units.

Michael Berthelsen, Country Manager, says, "We have successfully managed and stabilized these residential assets and are happy to once again do business with Heimstaden, who has become a serious market player in the Danish residential market. We have an unchanged positive view toward the Danish property market, and expect to be a significant investor going forward.”

For further information:
Michael Berthelsen, Country Manager, Niam Denmark A/S
+45 21 32 33 55, Michael.Berthelsen@niam.dk

For further information about Niam:
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 with real estate assets under management of approximately €3.0 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €10 billion through its own funds since 2000. Niam has a fully integrated investment team of more than 60 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.

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.