A group of Swedish and German banks have banded together to provide a EUR 515 mln loan for the acquisition of the Vasakronan portfolio from Swedish property company AP Fastigheter by Niam. Niam acquired the portfolio of 40 offices and mixed-use properties in Sweden for its NIAM Nordic Fund IV.
A group of Swedish and German banks have banded together to provide a EUR 515 mln loan for the acquisition of the Vasakronan portfolio from Swedish property company AP Fastigheter by Niam. Niam acquired the portfolio of 40 offices and mixed-use properties in Sweden for its NIAM Nordic Fund IV.
The participating banks are Sweden’s SEB and DnB Nord, and Germany’s Aareal Bank and Halaba. Niam is part of the Stronghold Group and a leading Nordic real estate private equity firm with over EUR 1.5 bn in assets under management.
