Publications

SEPTEMBER 24, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Niam holds final close for core-plus Nordic fund

by Andrea Waitrovich

Niam AB, the Stockholm-based pan-Nordic real estate investment manager, has held a €300 million ($405 million) final close for its Niam Nordic Core-Plus Fund, which launched in 2010. The vehicle has a total investment capital of €600 million  ($809 million) with leverage.

Niam Nordic Core-Plus will target office, retail and residential investments in the Nordic region, particularly in Sweden, Finland, Norway and Denmark.

This is the firm's first core-plus fund. Before marketing Niam Nordic Core-Plus Fund, Niam AB specialized in opportunistic funds. Its latest opportunistic fund, Niam Nordic V, closed on May 9, 2012, with €719 million ($969 million) in equity commitments, making it the biggest Nordic opportunistic property fund. With an investment capacity of approximately €2.2 billion ($3.0 million), Niam Nordic V targets commercial real estate in the Nordic and Baltic region.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy