Niam, the leading private equity real estate firm in Northern Europe, reinforces its presence in Finland by setting up an office in Helsinki. Pekka Salakka has been appointed as Managing Director and will be responsible for building the organisation in Finland.
The Swedish company Niam has been active in Finland since 2004, when an office portfolio was acquired from NCC. During spring 2006, a portfolio comprising 92 assets was acquired from the Finnish trading company Kesko, in what was one of the largest property transactions ever in Finland. In March this year a portfolio totalling approximately €400 million was acquired from the Finnish property company Sponda, in a joint venture with Goldman Sachs’ Whitehall Real Estate Funds. Niam currently has approximately €700 million of assets under management in Finland.
Johan Bergman, Managing Director at Niam, comments: “This recruitment means that we are further strengthening Niam’s presence in Finland. Pekka Salakka is a well known name in the Finnish property business.”
Prior to joining Niam, Pekka Salakka was responsible for investments at CapMan Real Estate. Previous employers include Dividum Oy.
Pekka Salakka comments: “My first task will be to build a Finnish Niam organization, and to strengthen Niam’s position as one of the leading players in the Finnish real estate business. “
Pekka Salakka will come into position as Managing Director of Niam Finland on September 1st.
Johan Bergman, Managing Director, Niam AB +46 8 5175 8500
Felicia Wipp, Communication Manager, Niam AB +46 8 5175 8529
Note to the editor:
Niam is the leading private equity firm in Northern Europe specialising in real estate. Niam offers financial investors a high return via investments in funds that in turn invest in all types of properties. The funds are raised and managed on a discretionary basis. Since the company was founded in 1998, properties with a total value of €3.3 billion have been acquired by Niam’s funds or in association with international real estate funds. Today, Niam’s funds own properties valued at €1.6 billion. Niam Fund III has an investment capacity of approximately €1.8 billion.
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.