2017-12-19 07:45Press release

Niam sells retail portfolio in Sweden

Niam has signed an agreement to sell eight retail properties, comprising 100,000 sqm, to Svenska Handelsfastigheter. The properties are located in regional shopping destinations in Umeå, Kalmar, Norrköping, Gävle and Mora and were acquired by Niam in 2015 and 2016. During the ownership period, Niam actively worked to reduce vacancies and extend contracts with existing tenants. Successful leasing and renegotiation accounted for some 23,200 sqm (23% of portfolio sqm) since acquisition.

Victor Wettergren, Fund Manager at Niam says; “We are very pleased to have successfully implemented our active management strategy in these properties in order to create an attractive portfolio from separately acquired properties."

For more information, please contact:
Fredrik Jonsson, CEO, Niam AB
+46 8 517 585 23, fredrik.jonsson@niam.se

Victor Wettergren, Fund Manager, Niam AB
+ 46 8 5175 85 25, victor.wettergren@niam.se

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 AB
Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3.5 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €7.5 billion through its own funds since 2000. Niam has a fully integrated investment team of 55+ 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.