Northern European private equity real estate firm Niam has acquired two office buildings totalling 23,400 m2 in Copenhagen.
Northern European private equity real estate firm Niam has acquired two office buildings totalling 23,400 m2 in Copenhagen.
Niam acquired an office property from a private investor located at Indertoften 10 in Vanløse, Copenhagen. The property comprises 6,700 m2 and is fully let to the municipality of Copenhagen.
Niam also signed an agreement to acquire a modern, multi-tenant, office property called Fairway House which is located in Ørestad Business District, Copenhagen. The property comprises 16,700 m2 and will be acquired from an international property fund. Niam will take ownership effective as of 1 April 2014.
Johan Bergman, CEO at Niam; 'These investments fit well into the existing portfolio that is well positioned to benefit from an improved economic outlook and development in Denmark and Copenhagen in the years ahead.'
Stockholm-based Niam, founded in 1998, had €2.4 bn of real estate assets under management at end-September 2013.