Northern European private equity firm Niam has announced the sale of the Jåttåvågvejen 10-12 property in Stavanger, Norway to a fund managed by HIG Capital.

hig has made several investments in norway over the past few years

Hig has Made Several Investments in Norway Over the Past Few Years

Financial details were not disclosed.

The properties consist of two connected buildings with an underground garage and provide 66,634 m2 of space, of which 15,764 m2 is parking. The tenants are Aker Solution and Akastor.

'We continue to see a strong Norwegian transaction market, especially for stable performing assets,' commented Kjell Sagstad, Niam's country manager. 'This property is an efficient and good office property in a growing market that we will now hand over to H.I.G. Capital.'

Niam was advised by Akerhus Eiendom, Selmer and PwC.