Niam to acquire HD Ejendomme

Niam has signed an agreement to acquire all shares in the private property company HD Ejendomme A/S. The company owns and manages a real estate portfolio that has a total value of ~€560 million, consisting of approximately 2,000 residential units and 73 commercial properties, located across Denmark. The majority of the residential units were constructed within the last 15 years and are diversified in terms of type (urban townhouses, apartments, and houses) and by location.

HD Ejendomme was strongly affected by the financial crisis and since 2009, focus has been on successfully optimizing operations and reducing the balance sheet.

The sale to Niam will significantly strengthen HD Ejendomme economically and strategically, and enable the company to focus on the future, for the benefit of all stakeholders, including tenants and employees.

Johan Bergman, Niam CEO, says, “We are happy to acquire HD Ejendomme where we see potential in the well-managed residential portfolio. We think this platform provides a scalable base for further growth in this segment.”

For more information, please contact:

Johan Bergman, CEO, Niam AB
+46 8 5175 85 95, johan.bergman@niam.se

Kristian Krogh, Senior Director/Head of Denmark, Niam Denmark A/S
+45 2131 0055, 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