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Niam’s Acquisitions Team is Further Strengthened

Press Release   •   Aug 09, 2007 15:09 BST

Niam, the leading private equity firm in Northern Europe specialising in real estate, has recruited Kjell Sagstad to its Acquisitions team as Chief Investment Officer. He will be based in Oslo, and be part of Niam’s investment council. Kjell Sagstad was formerly CEO of Norgani, a quoted Norwegian hotel property company.

Johan Bergman, Managing Director at Niam, comments: ”We are very happy to have been able to recruit Kjell. He is a brilliant business man, and this is one step further towards creating the best Nordic team specialising in the real estate business.”

Kjell Sagstad will start working at Niam on September 1st.

Other changes to the Niam team

As announced earlier this summer, Fredrik Jonsson has been appointed as Chief Investment Officer and Anders Lundquist has been appointed as Chief Financial Officer.

Jennifer Andersson has moved from Stronghold to become Head of Investor Relations & Business Development and has replaced Johan Eliasson. Prior to joining Niam, Jennifer worked as a manager in corporate development for Sappi Fine Paper North America and has a background in investment banking in Goldman Sachs' Mergers and Strategic Advisory Group in New York.

Cecilia Gardner Larsson has been promoted to Head of Property Management at Newsec Asset Management and therefore will leave her position as Investment Manager at Niam. She will be responsible for the management of Niam’s properties and be a member of Newsec Asset Management’s management group.

Niam has recruited two new analysts. Per Kessling will start working as an analyst in Niam’s Investment Management team on September 1st. Prior to joining Niam, he was working as an analyst at CB Richard Ellis. Henrik Gerdin has been hired as an analyst in Niam’s Acquisitions team. Prior to joining Niam, he was an analyst in Hypo Real Estate’s team for Structured Finance & Investment Banking in London. Henrik Gerdin will start working at Niam on September 10th.

Further information:
Johan Bergman, Managing Director, Niam AB +46 8 5175 8500
Felicia Wipp, Communication Manager, Niam AB +46 8 5175 8529

Note to the editor:

Niam
Niam is the leading private equity firm in Northern Europe specialising in real estate. Niam offers financial investors a high return via investments in funds that in turn invest in all types of properties. The funds are raised and managed on a discretionary basis. Since the company was founded in 1998, properties with a total value of €3.3 billion have been acquired by Niam’s funds or in association with international real estate funds. Today, Niam’s funds own properties valued at €1.6 billion. Niam Fund III has an investment capacity of approximately €1.8 billion.

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