2015-06-01 07:30Press release

Niam sells seven shopping centers in Sweden for more than one billion SEK

Niam has signed an agreement to sell seven shopping centers located in southern Sweden to the buyer, A Group Of Retail Assets. The shopping centers included in the transaction are Centra in Västerås, Cityhuset in Eskilstuna, Telgehuset in Södertälje, Kvasten in Kalmar, Storknallen in Borås, Linnégallerian in Växjö and Gallerian in Motala.

Niam has, among other projects, completed a full reconstruction and modernization of Centra, upgraded all common areas and environmentally certified Telgehuset, leased and conducted tenant improvements in parts of Linnégallerian and introduced new tenants in Kvasten.

Stefan Albinsson, Fund Manager at Niam says; “This deal is yet another example of how Niam creates value through active management and project development.”

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:
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 €2.8 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over€5 billion through its own funds since 2000. Niam has a fully integrated investment team of 45 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.