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Niam sell property in Copenhagen for DKK 620.0 million

Press Releases   •   Nov 02, 2017 07:03 GMT

Niam has agreed to sell a property in Frederiksberg, Copenhagen, to Swedish listed real estate company Klövern. The 19,300 sqm office and education property complex is fully let to CBS Copenhagen Business School.

Kristian Krogh, Senior Director Denmark says, “We have successfully completed our management initiatives ahead of schedule, and been able to sign a new long lease with CBS for their continued tenancy of the entire property.” He adds, “We are happy to be able to sell this prime asset to such a renowned and professional buyer, and to welcome Klövern to the Danish market”.

The transfer of possession is planned to take place on February 1, 2018. Catella Corporate Finance and Bruun & Hjejle Law firm has acted as advisor to Niam.

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

Kristian Krogh, Senior Director, Denmark
+45 21 31 00 55, kristian.krogh@niam.dk

For further information about Niam:
Jennifer Andersson, COO, 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 €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 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.

Niam has agreed to sell a property in Frederiksberg, Copenhagen, to Swedish listed real estate company Klövern. The 19,300 sqm office and education property complex is fully let to CBS Copenhagen Business School.

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Niam sells nine office properties in Helsinki, Finland

Press Releases   •   Oct 25, 2017 15:03 BST

Niam has entered into an agreement with Schroder Nordic Real Estate Fund to divest nine office properties located in the Greater Helsinki area. During the holding period, Niam has focused on active asset management, including BREEAM In-Use certification of a number of the holdings.

Fredrik Jonsson, Niam CEO, says, “During the last couple of years, Niam has built a significant holding in Helsinki’s office market and some of those assets have now been sold to Schroder Nordic Real Estate Fund. Niam will continue to be an active manager and investor in the Helsinki market.”

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

Pekka Salakka, Senior Director, Finland
+358 500 500 802, pekka.salakka@niam.fi

For further information about Niam:
Jennifer Andersson, Head of Investor Relations & Business Development, Niam AB
+ 46 8 517 585 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 €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 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.

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 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.

Niam has entered into an agreement with Schroder Nordic Real Estate Fund to divest nine office properties located in the Greater Helsinki area. During the holding period, Niam has focused on active asset management, including BREEAM In-Use certification of a number of the holdings.

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Niam acquires office property in Horsens, Denmark

Press Releases   •   Jul 04, 2017 09:00 BST

On July 1, 2017, Niam acquired a landmark office property located in the city center of Horsens, Denmark. Horsens is a key city in the Aarhus Business Region, which is one of the fastest growing regions in Denmark. The property has a lettable area of 12,000 sqm and is fully let to the Municipality of Horsens and the Police Authority.

Kristian Krogh, Senior Director at Niam Denmark says; “We are happy to have acquired this fully let property in an excellent macro and micro location in the heart of the dynamic city of Horsens, where we expect further positive development in the years ahead.”

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

Kristian Krogh, Senior Director, Denmark
+45 21 31 00 55, kristian.krogh@niam.dk

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 €2.9 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €6.9 billion through its own funds since 2000. Niam has a fully integrated investment team of 50+ 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.

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On July 1, 2017, Niam acquired a landmark office property located in the city center of Horsens, Denmark. Horsens is a key city in the Aarhus Business Region, which is one of the fastest growing regions in Denmark. The property has a lettable area of 12,000 sqm and is fully let to the Municipality of Horsens and the Police Authority.

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Mr. Fredrik Jonsson new CEO of Niam

Press Releases   •   Jun 15, 2017 09:00 BST

Mr. Johan Bergman has decided to take on the role of Chairman of Niam AB and Chairman in all of Niam’s funds. Mr. Fredrik Jonsson, the current CIO of Niam, will assume the role of CEO and take over responsibility for the company’s operations effective July 1, 2017.

Over the last decade, Mr. Bergman has successfully grown Niam into its prominent position in the Nordics. In his new capacity as Chairman, he will be able to focus on high-level strategic considerations and support the continued success of Niam and Niam funds under Mr. Jonsson’s operational leadership.

For more information, please contact:

Johan Bergman, CEO, Niam AB
+46 8 5175 85 95, johan.bergman@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 €2.9 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €6.9 billion through its own funds since 2000. Niam has a fully integrated investment team of 50+ 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.

Mr. Johan Bergman has decided to take on the role of Chairman of Niam AB and Chairman in all of Niam’s funds. Mr. Fredrik Jonsson, the current CIO of Niam, will assume the role of CEO and take over responsibility for the company’s operations effective July 1, 2017.

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Niam to acquire HD Ejendomme

Press Releases   •   Apr 24, 2017 10:00 BST

Niam has signed an agreement to acquire all shares in the private property company HD Ejendomme A/S. The company owns and manages a real estate portfolio that has a total value of ~€560 million, consisting of approximately 2,000 residential units and 73 commercial properties, located across Denmark. The majority of the residential units were constructed within the last 15 years and are diversified in terms of type (urban townhouses, apartments, and houses) and by location.

HD Ejendomme was strongly affected by the financial crisis and since 2009, focus has been on successfully optimizing operations and reducing the balance sheet.

The sale to Niam will significantly strengthen HD Ejendomme economically and strategically, and enable the company to focus on the future, for the benefit of all stakeholders, including tenants and employees.

Johan Bergman, Niam CEO, says, “We are happy to acquire HD Ejendomme where we see potential in the well-managed residential portfolio. We think this platform provides a scalable base for further growth in this segment.”

For more information, please contact:

Johan Bergman, CEO, Niam AB
+46 8 5175 85 95, johan.bergman@niam.se

Kristian Krogh, Senior Director/Head of Denmark, Niam Denmark A/S
+45 2131 0055, kristian.krogh@niam.dk

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 €3.1 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €6.8 billion through its own funds since 2000. Niam has a fully integrated investment team of 50+ 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.

​Niam has signed an agreement to acquire all shares in the private property company HD Ejendomme A/S. The company owns and manages a real estate portfolio that has a total value of ~€560 million, consisting of approximately 2,000 residential units and 73 commercial properties, located across Denmark.

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Niam to acquire office property in Helsinki

Press Releases   •   Mar 01, 2017 08:00 GMT

Niam has signed an unconditional agreement to acquire a newly built office property in Helsinki from Skanska Commercial Development Nordic.

The property, named Aviabulevardi I, is in an excellent location right next to the new Aviapolis train station in Vantaa. Aviabulevardi I is a newly built flagship property in the very center of the new Aviapolis area, neighboring the Helsinki airport. The lettable area is 9,000 sqm and the property is fully let to a diversified mix of tenants.

Johan Bergman, Niam CEO, says, “We strongly believe in the new Aviapolis area. The combination of modern premises, close proximity to the airport and the recently opened train station provides an attractive offer to tenants. We believe that the Helsinki office market is a very attractive investment market that will continue to improve.”

For more information, please contact:
Johan Bergman, CEO, Niam AB
+46 8 5175 85 95, johan.bergman@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 is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3.1 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over€6.8 billion through its own funds since 2000. Niam has a fully integrated investment team of 50+ 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.

Niam has signed an unconditional agreement to acquire a newly built office property in Helsinki from Skanska Commercial Development Nordic.

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Niam acquires 67,000 sqm office park in Copenhagen

Press Releases   •   Jan 04, 2017 08:01 GMT

Niam acquires 67,000 sqm office park in Copenhagen

Niam has acquired Copenhagen Business Park, an office complex with a lettable area of 67,000 sqm that currently has around 50 tenants. The property is located south of Copenhagen near the E20 highway, by the Copenhagen Airport and the bridge to Sweden.

Kristian Krogh, responsible for investments in Denmark at Niam, says; “We are very satisfied to have been able to acquire one of the largest and most significant office properties in Denmark. We are looking forward to realizing the potential that we see in the property supported by the proximity to the airport and the city center.”

The transaction was completed on December 20, 2016.

For more information please contact:

Johan Bergman, CEO, Niam AB
+46 8 5175 85 95, johan.bergman@niam.se

Kristian Krogh, Senior Director / Head of Denmark
+45 21 31 00 55, kristian.krogh@niam.dk

For further information or questions, please contact:

Jennifer Andersson, COO, Head of Investor Relations & Business Development
+46 8 5175 8559, jennifer.andersson@niam.se

Established in 1998, Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3 billion. Global institutional investors are offered the opportunity to invest in the Nordic property markets through Niam’s own funds, which have invested over €6.5 billion to date. Niam has a fully integrated investment team of 50+ 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.

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Niam acquires an office property in Helsinki, Finland

Press Releases   •   Dec 12, 2016 08:24 GMT

Niam has acquired an office property in Helsinki from Commerz Real Investmentgesellschaft MBH.

The property, called Life Science Center Keilaniemi, is in an excellent location close to the Keilaniemi metro station in Espoo. Life Science Center Keilaniemi comprises five high-quality interconnected office buildings constructed between 2004 and 2008, with a combined lettable area of approximately 32,000 sqm.

Johan Bergman, Niam’s CEO, says, “We believe that the Helsinki office market is a very attractive investment market that will continue to improve. This property is an excellent addition to Niam’s existing office portfolio in the Helsinki Metropolitan Area, which consists of 22 properties and 200,000 sqm in total. Niam’s active asset management approach will add further value to the asset.”

The financing has been provided by German bank Aareal Bank AG who is acting as Arranger in this transaction.

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 AB

Established in 1998, Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3 billion. Global institutional investors are offered the opportunity to invest in the Nordic property markets through Niam’s own funds, which have invested over €6.5 billion to date. Niam has a fully integrated investment team of 50 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

Niam has acquired an office property in Helsinki from Commerz Real Investmentgesellschaft MBH.

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Niam acquires 16,000 sqm office property in Copenhagen

Press Releases   •   Oct 06, 2016 13:00 BST

Niam has acquired a fully let office property with a lettable area of approximately 16,000 sqm for €28.1 million (DKK 209 million). The property is located in Borgervænget, in the northern part of Copenhagen, with close proximity to the train station and easy access to the city center as well as the main highway.

Johan Bergman, Niam CEO, says; “We are happy to add this fully let property to our portfolio. The area has an excellent infrastructure and we expect it to undergo a further positive development over the coming years”.

The transaction has been completed as of October 1, 2016.

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

Kristian Krogh, Senior Director / Head of Denmark
+45 21 31 00 55, kristian.krogh@niam.dk

For further information or questions, please contact:
Jennifer Andersson, COO, Head of Investor Relations & Business Development
+46 8 5175 8559, jennifer.andersson@niam.se

Established in 1998, Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3 billion. Global institutional investors are offered the opportunity to invest in the Nordic property markets through Niam’s own funds, which have invested over €6.5 billion to date. Niam has a fully integrated investment team of 50 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

Niam has acquired a fully let office property with a lettable area of approximately 16,000 sqm for €28.1 million (DKK 209 million). The property is located in Borgervænget, in the northern part of Copenhagen, with close proximity to the train station and easy access to the city center as well as the main highway.

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Niam closes out fourth fund – delivers market-leading returns

Press Releases   •   Sep 01, 2016 06:35 BST

All properties in Niam Nordic Fund IV have been fully developed and divested. Thereby, Niam closes out its fourth fund with strong results. Nam IV has delivered returns that place the fund among the top 5% of the highest ranked funds in the world according to Cambridge Associates benchmark.

Niam Nordic IV closed in 2008 with total commitments of €670 million. During the course of the acquisition period until 2011, Niam acquired nearly 80 office and retail properties, mainly in Sweden and Norway for ~€2 billion. Niam completed some of the largest transactions in the Nordic market for the fund through the acquisition of 40 office properties in Sweden from AP Fastigheter in 2008 and the acquisition of Sektor Eiendomsutvikling in 2010 in Norway.

Johan Bergman, CEO at Niam says: “Fund IV’s market leading returns have reinforced Niam’s positon as the undisputed leading real estate private equity firm in Northern Europe. Niam’s disciplined investment approach at acquisition and active asset management during the holding period create added value in every investment and attractive risk-adjusted returns to our investors. I feel confident that the Niam organization will continue to deliver to the highest standards in our current funds under management with €4 billion in combined property value and investment capacity.”

Niam renegotiated and extended approximately 60% of the total rental value in the office portfolio acquired from AP Fastigheter. The largest 10 renewed leases covered ~100,000 sqm of lettable area, and Niam successfully raised rents and extended the term to an average of 8 years. Niam also created 50,000 sqm building rights for residential units. The 40 properties in the portfolio were sold through 28 transactions to 22 different buyers.

Sector Eiendomsutvikling, acquired by Niam IV, is one of the largest owners of shopping centers in Norway. Niam also acquired Linderud Center as a strategic add on to the company. Project development projects added 15,000 sqm of lettable area to the portfolio and the fund was granted planning permission to develop an additional 6,000 sqm. Net operating income increased by 7% per year, driven by steady organic growth and project development.

In 2011, the fund acquired Heron City. During Niam’s holding period, Heron City was developed into a strong destination for shopping, food and entertainment in Stockholm. The number of visitors at exit was over 7 million per year, an increase by over 30% since acquisition, and retail sales exceeded SEK 1.2 million per year. Niam also introduced new brands among Heron City's tenants and renegotiated and extended several strategically important leases. Niam has now sold Heron City to a company jointly owned by Varma, CapMan Nordic Real Estate Fund and Cavendo. As Heron City was the final asset in the fund, Niam IV is thereby fully divested.

Facts Niam Nordic Fund IV

Vintage: 2007
Strategy: Opportunistic
Type: Closed-ended
Size: €670 million
Sector and geography: Commercial properties in the Nordic countries
Completed acquisitions: ~2 billion / ~1.2 million sqm
Property value at disposition: ~2.7 billion
Net returns: IRR 15% / Multiple 1.7x

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

For further information or questions, please contact:
Jennifer Andersson, COO, Head of Investor Relations & Business Development
+46 8 5175 8559, jennifer.andersson@niam.se

Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €6.3 billion through its own funds since 2000. Niam has a fully integrated investment team of 50 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

All properties in Niam Nordic Fund IV have been fully developed and divested. Thereby, Niam closes out its fourth fund with strong results. Nam IV has delivered returns that place the fund among the top 5% of the highest ranked funds in the world according to Cambridge Associates benchmark.

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  • Press Contact
  • CEO
  • fredrivtmyqqnjk.jojansnyeksowan@niamwivadb.se
  • +46 8 5175 8523

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.

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