Nordic private equity firm Niam has announced the hire of Martin Bjöörn as a portfolio manager with a focus on retail properties.
With over 20 years of experience in the retail market Bjöörn is expected to play an important role to seize the opportunities within the Nordic retail market, Niam said.
Prior to joining Niam Bjöörn was Senior director for Stockholm North at Castellum where he led the real estate business. Earlier, Bjöörn was head of real estate portfolio management at Eurocommercial, a listed property investment company specializing in shopping centres in Europe.
In his 20s, during his studies, Bjöörn worked at Niam when the firm was a small, boutique fund manager.
'We are excited to welcome Martin Bjöörn to Niam. His extensive experience and proven leadership in commercial real estate markets will strengthen our ability to seize the opportunities within the Nordic retail market. Over the last two years, we have successfully acquired ten major retail properties, each with substantial potential. With Martin's addition, we are fortifying our organizational strength with a dedicated retail specialist and together we will continue to make sound decisions, prioritize wisely, and ensure the success of our investments,' said Rikard Henriksson, managing partner, Niam.
'Despite the current market landscape, my faith in the retail sector remains unwavering. Over the past 25 years, e-commerce has surged, yet a significant majority, 85% of the total turnover in retail, still takes place in physical stores. Of the remaining 15% nearly 8% are pick-ups in physical stores. This presents us with a good opportunity for growth in the property sector,' added Martin Bjöörn.
