The Swedish real estate private equity firm completed the final close for its fifth opportunistic property fund, Niam Nordic V, with €719 million in total equity commitments.

Niam has disposed of the property Murmästaren 13 in Stockholm to Fastighets AB L E Lundberg at a purchase price of SEK 478 million. The transaction is scheduled to close on May 31, 2012.

Niam has hired Erik Rydström as Director to Niam’s portfolio management team. Prior to joining Niam, Mr. Rydström has held various management related positions within the organizations Storebrand Fastigheter AB and Fastighets AB L E Lundberg. Erik Rydström will start his employment at Niam on June 1, 2012. For further