Stockholm-based Niam has acquired 15 office and two retail properties in the Helsinki Metropolitan Area. Financial details were not disclosed. In total, the 17 properties in the Helsinki Metropolitan Area comprise more than 100,000 m[sup]2[/sup].
Stockholm-based Niam has acquired 15 office and two retail properties in the Helsinki Metropolitan Area. Financial details were not disclosed. In total, the 17 properties in the Helsinki Metropolitan Area comprise more than 100,000 m2.
Northern European property adviser Newsec advised Niam in the transaction.
In a reaction, CEO Johan Bergman said the Swedish private equity company was 'very satisfied', with the investment, pointing to its excellent locations and steady existing income. 'Niam is confident that the Helsinki office market is a very attractive investment area that will continue to improve going forward.'
The financing will be provided by German bank Helaba (Landesbank Hessen-Thüringen) who is acting as arranger in the transaction.
Niam is one of the leading real estate private equity firms in Northern Europe with total AUM of EUR 3.3 bn and activities in the Nordic and Baltic property markets. Since its inception in 1998, Niam has invested over EUR 5.5 bn through its own funds or on behalf of its financial partners and has generated a realized gross leveraged IRR of 31%.
