2014-04-14 06:30Press release

Niam sells the Police Academy to Centur

Niam has sold two properties located at Sörentorp in Solna and Sollentuna, just north of Stockholm. The properties comprise ~49,000 sqm of floor space across almost 50 buildings, and ~20,000 of commercial building rights. The area covers 87 hectares let to the National Police Board, who are running the Police Academy at the premises.

The buyer Fastighets AB Centur, equally owned by Peab Fastighetsutveckling AB and Fastighets AB Balder, will pay approximately SEK 675 million.

Stefan Albinsson, Fund Manager at Niam, says, “During the holding period Niam signed a new six-year agreement with the National Police Board at Sörentorp which resulted in a strong and stable cash flow from the properties. Solna also continues to expand and develop which will benefit the area over time.”

Christian Hahne, Chairman of the Board at Centur, says: ”Sörentorp has a strategic location between Solna and Sollentuna. The National Police Board is a stable tenant generating a safe cash flow. We see great development potential to build attractive residentials at the properties.”

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

Christian Hahne, Chairman of the Board, Fastighets AB Centur
+ 46 8 406 70 73, christian.hahne@balder.se

Erik Selin, CEO, Fastighets AB Balder
+ 46 31 10 95 92, erik.selin@balder.se

Tomas Anderson, CEO, Peab Projektutveckling AB
+ 46 8 623 20 81, tomas.anderson@peab.se

For further information about Niam, please contact:
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 and offers global institutions the opportunity to invest in the Nordic and Baltic property markets. Since inception in 1998, Niam has invested over €7 billion through its own funds or on behalf of its financial partners. Niam has a fully integrated investment team of 47 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.se.

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.