Niam acquires resi portfolio in Copenhagen

Nordic private equity real estate investor Niam has acquired a residential portfolio in Denmark.

The investment volume was not disclosed.

Following the acquisition, Niam owns a combined Danish residential portfolio of 1,100 high-quality units consisting of over 100,000 m2 of total lettable area. The units were constructed from 2006-2010 and provide a total of 100,000 m2 of lettable area.

Johan Bergman, CEO at Niam, said: 'Niam is confident that the residential market in Copenhagen is an attractive investment area which will continue to benefit from economic and population growth in the years ahead.'

Since its inception in 1998, Niam has invested over €6 bn through its own funds or on behalf of its financial partners in Northern Europe.