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Niam to acquire office property in Helsinki

Press Release   •   Nov 01, 2013 14:30 GMT

Niam has agreed to purchase an office building comprising approximately 25,800 square meters and located in Vantaa, which is part of the Helsinki Metropolitan Area. Niam has also executed a long-term rental agreement for the premises with the single tenant who is a leading technical and environmental consultant firm. In addition to the office property, Niam acquired 50% of the shares in Martinparkki Oy, which owns the adjacent car park. The transaction is expected to close before year end 2013.

Johan Bergman, CEO at Niam, commented, “This was an opportunity for us to acquire a property with attractive and stable cash flows located next to the new airport express train between the international airport and the city of Helsinki. We are confident that the Helsinki office market is a very attractive investment market that will continue to improve and grow.”

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

Terje Björsell, Fund Manager, Niam AB
+46 8 5175 85 25, terje.bjorsell@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
Niam is the leading real estate private equity firm in Northern Europe and offers global institutions the opportunity to invest in the Nordic property markets. Since inception in 1998, Niam has invested capital of over €7 billion through its own funds or on behalf of its financial partners. Niam has a a fully integrated investment team of 45 dedicated real estate professionals and has the largest acquisitions team specifically focused on the Nordic region. The company is headquartered in Stockholm and has offices in Oslo, Helsinki and Copenhagen. For more information, please visit www.niam.se.

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