Swedish private equity company Niam has launched its fourth property fund with EUR 700 mln of equity and an investment capacity of EUR 2.5 bn to EUR 3 bn. The fund will be one of the largest opportunistic property funds in Europe. Investors include global financial institutions and pension funds.
Swedish private equity company Niam has launched its fourth property fund with EUR 700 mln of equity and an investment capacity of EUR 2.5 bn to EUR 3 bn. The fund will be one of the largest opportunistic property funds in Europe. Investors include global financial institutions and pension funds.
The capital in the new fund will target the Nordic and Baltic countries, and include everything from new projects to existing properties with development potential. The fund will focus on office, commercial and logistics properties with an acquisition value of at least EUR 75 mln. The capital will be invested both through Niam’s own organisations in Sweden, Finland and Norway and through collaborative partners.
'We can acquire individual properties, entire property portfolios or engage in company acquisitions,' said CEO Johan Bergman.
Holdings in the previous fund, Niam Fund III, are marked by two major property portfolios in Finland, office blocks in the Marievik and Globen districts in Stockholm and Rimi’s head office and central storage in Latvia.
Since the company was founded in 1998, properties with a total value of some EUR 4 bn have been acquired by Niam’s funds or in association with international real estate funds. Today, Niam's funds own properties valued at some EUR 1 bn.
