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Niam sells seven shopping centers in Sweden for more than one billion SEK

Press release   •   Jun 01, 2015 07:30 BST

Niam has signed an agreement to sell seven shopping centers located in southern Sweden to the buyer, A Group Of Retail Assets. The shopping centers included in the transaction are Centra in Västerås, Cityhuset in Eskilstuna, Telgehuset in Södertälje, Kvasten in Kalmar, Storknallen in Borås, Linnégallerian in Växjö and Gallerian in Motala.

Niam has, among other projects, completed a full reconstruction and modernization of Centra, upgraded all common areas and environmentally certified Telgehuset, leased and conducted tenant improvements in parts of Linnégallerian and introduced new tenants in Kvasten.

Stefan Albinsson, Fund Manager at Niam says; “This deal is yet another example of how Niam creates value through active management and project development.”

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

Stefan Albinsson, Fund Manager, Niam AB
+ 46 8 5175 85 15, stefan.albinsson@niam.se

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

Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €2.8 billion. Niam offers global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over€5 billion through its own funds since 2000. Niam has a fully integrated investment team of 45 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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