Niam acquires 16 properties from Dagon

Niam, the leading private equity firm in Northern Europe specialising in real estate, has purchased 16 properties from the listed Swedish real estate company, Dagon, together with Crown Asset Management. The properties were acquired through the joint company Niam Center Syd Fastighets AB.

Dagon is divesting the portfolio, comprising 16 assets, in order to strengthen its position in its target markets. Several of the assets are located in villages where Dagon owns only one or a few properties.

The assets comprise a total lettable area of ~66 000 sq. m., whereof a third is industrial, a third is retail and a third is office area. The assets are worth a total of ~€38 million. The closing is expected to take place on November 1st. During the period between today and the closing, a costumary Due Diligence will take place, which can cause alterations in the deal.

Johan Bergman, Managing Director of Niam comments: “This acquisition is part of our strategy to continue building our portfolio of industrial and logistic properties. We see lots of potential in these assets.”

Further information:
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
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.