Niam has completed the first equity raising close of a EUR 133 mln core-plus real estate fund for the Nordic region.
Niam has completed the first equity raising close of a EUR 133 mln core-plus real estate fund for the Nordic region.
The Swedish real estate private equity firm said most of the capital for the Luxembourg-registered FCP-FIS vehicle comes from German, Swedish, Finnish and French public and corporate pension funds and financial institutions. 'We look forward to expanding our investment activities into a new strategy where we are seeing interesting acquisition opportunities,' Niam CEO Johan Bergman said.
Niam Nordic Core Plus real estate fund will target office, retail and residential property investments and will be invested through Niam’s local offices in Stockholm, Oslo, Helsinki and Copenhagen.
Niam actively manages a EUR 3.3 bn real estate portfolio through its three existing funds Niam III, Niam IV and Niam V.
