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Niam sells office property in Stockholm

Press Release   •   Feb 01, 2013 08:39 GMT

Niam sold Gångaren 13, an office building of ~36,000 sqm consisting of Electrolux’s head office with associated grounds, to AB Electrolux on February 1, 2013. The property located at Sankt Göransgatan in Stockholm, Sweden was sold for approximately SEK 1 145 million.

Johan Bergman, CEO at Niam says, “Niam has decided to sell this property after owning it for over six years where we have worked in evaluating different development options and opened the possibility to
pursue these opportunities further.”

 

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
jennifer.andersson@niam.se


Niam is the leading real estate private equity firm in Northern Europe and offers financial 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 is headquartered in Stockholm with offices in Oslo, Helsinki and Copenhagen, a fully integrated investment team of 40 dedicated real estate
professionals and an experienced senior management with over 20 years of direct real estate investment and development experience. For more information, please visit www.niam.se.


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