Niam acquires €177.5 mln office properties in Stavanger, Norway (NO)

Niam has signed an agreement to purchase all shares in Hinna Park Invest AS, a company that owns the property Jåttåvågveien 10-12 in Stavanger.
The property consists of two office buildings constructed in 2012, with a total area of 66,000 m² including parking. The tenants are Aker Solutions ASA and ASA Akastor. The transaction is based on a property value of 1.5 bln NOK (approx. €177.5 mln) and the seller of the shares is a syndicate.
Niam is the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €2.3 bln. Niam offers global institutions the opportunity to invest in the Nordic property markets. Since inception in 1998, Niam has invested over €7 bln through its own funds or on behalf of its financial partners.
Niam has a fully integrated investment team of 43 dedicated real estate professionals with experience across all major asset classes. The company is headquartered in Stockholm and has offices in Oslo, Helsinki and Copenhagen. Niam is certified under AIFMD and Dodd Frank.
Source: Niam