Niam sold the office properties Kronan 10 & 11 in central Malmö, Sweden, to the fund DEREIF SICAV-FIS managed by Corpus Sireo, which will close on September 12, 2013.
Stefan Albinsson, Fund Manager at Niam commented, “By working actively to renegotiate and extend current leases in the properties, Niam has created more attractive assets with a low risk profile for which there is strong demand under the current market conditions.”
For more information please contact:
Johan Bergman, CEO, Niam AB
+46 8 5175 85 95, firstname.lastname@example.org
Stefan Albinsson, Director, Niam AB
+ 46 8 5175 85 15, email@example.com
For further information about Niam:
Jennifer Andersson, Head of Investor Relations & Business Development
+ 46 8 5175 85 59, firstname.lastname@example.org
Niam is the leading real estate private equity firm in Northern Europe and offers global institutions the opportunity to invest in the Nordic and Baltic property markets. Since inception in 1998, Niam has invested over €6.5 billion through its own funds or on behalf of its financial partners and has generated a realized gross leveraged IRR of 30%. Niam has a a fully integrated investment team of 43 dedicated real estate professionals with more than 350 years of combined real estate 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.se.