Niam acquires two office properties in Denmark

Niam acquired two office properties in separate transactions comprising ~23,400 sqm in the
greater Copenhagen area for approximately €51 million.

Niam acquired an office property from a private investor located at Indertoften 10 in Vanløse, Copenhagen. The property comprises 6,700 sqm and is fully let to the municipality of Copenhagen. Niam has taken ownership effective as of March 1, 2014.

Niam also signed an agreement to acquire a modern, multi-tenant, office property called Fairway House which is located in Ørestad Business District, Copenhagen. The property comprises ~16,700 sqm and will be acquired from an international property fund. Niam will take ownership effective as of April 1, 2014.

Johan Bergman, CEO at Niam, says; “We are very satisfied to acquire two high quality properties with strong tenants at excellent locations in terms of infrastructure. These investments fit well into the existing portfolio that is well positioned to benefit from an improved economic outlook and development in Denmark and Copenhagen in the years ahead.”

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

Kristian Krogh, Head of Denmark, Niam A/S
+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