2015-02-26 12:00Press release

Niam sells the remaining 27.5% of Sektor Gruppen

Niam signed an agreement to sell the remaining shares of Sektor Gruppen to the three other owners, (i) NorgesGruppen through Joh. Handel Eiendom 1 AS, (ii) Varner Gruppen through Varner Invest AS and (iii) Home Invest through K&S Holding AS. Niam acquired Sektor Gruppen in 2010, and then reduced its stake from 100% to 27.5% in 2012. During the holding period, Niam completed the extension of shopping centers Herkules, Kremmertorget and Kongssentret, adding over 15,000 sqm of retail area, successfully renegotiated leases and improved the NOI of the holdings.

Niam will continue its cooperation with Sektor Gruppen through the existing management agreements related to shopping centers owned by other Niam funds.

For more information please contact:
Johan Bergman, CEO, Niam AB
+46 8 5175 85 95, johan.bergman@niam.se

Kjell Sagstad, Senior Director, Niam AS
+ 47 922 13 020, kjell.sagstad@niam.no

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 €2.6 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.