Acta Kapitalförsäkring has acquired an office portfolio in Finland from Niam Nordic Investment Fund III for EUR 125 mln. The portfolio comprises five properties in the Finnishe cities of Helsinki, Vantaa, Tampere and Oulu. Niam acquired the asstes from NCC during 2004-2007. The portfolio provides some 36,000 m[sup]2[/sup] of office space, Niam said in a statement. The closing will take place on September 27,2007.
Acta Kapitalförsäkring has acquired an office portfolio in Finland from Niam Nordic Investment Fund III for EUR 125 mln. The portfolio comprises five properties in the Finnishe cities of Helsinki, Vantaa, Tampere and Oulu. Niam acquired the asstes from NCC during 2004-2007. The portfolio provides some 36,000 m2 of office space, Niam said in a statement. The closing will take place on September 27,2007.
Johan Bergman, Managing Director of Niam comments: 'This was our first acquisition ever in Finland. Since the Finnish market has been very strong and we have been successful in leasing out the properties, we felt this was a good time to sell.'