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Niam acquires commercial property in Copenhagen, Denmark

Press release   •   Sep 20, 2019 11:03 BST

Niam has acquired Copenhagen Towers, the landmark office and hotel complex located in Ørestad, which is an exciting development area 10 minutes south of Copenhagen city. The property offers great infrastructure with five minutes to the Copenhagen Airport and direct access to the Copenhagen highway grid, train and metro services. Copenhagen Towers includes three office buildings, most recognized by the 21 story “North Tower”, and a hotel building.The hotel, operated under the Crowne Plaza brand, was completed in 2009 and has several times been awarded the World’s Greenest Hotel and declared the Most Cutting-Edge Green Hotel in the world. The majority of the office space, with a number of blue chip companies as tenants, was completed in 2016 and is LEED Platinum certified.

Fredrik Jonsson, Niam CEO, says, “We are very pleased to have acquired one of the most prominent new office and hotel properties in Copenhagen. Our main focus will be on maintaining a good relationship with existing tenants and let remaining vacant space to improve the already thriving environment in the property. We strongly believe that the micro location in combination with modern premises provides an attractive offer to tenants. Our view on the Copenhagen office market has remained positive.”

For more information, please contact:
Fredrik Jonsson, CEO, Niam AB
+46 8 5175 85 23, fredrik.jonsson@niam.se

For further information about Niam, please contact:
Jennifer Andersson, COO, Head of Investor Relations & Business Development
+ 46 8 5175 85 59, jennifer.andersson@niam.se

Niam is one of the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €3.0 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over€10 billion through its own funds since 2000. Niam has a fully integrated investment team of 60+ 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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