Niam has acquired a residential portfolio comprising 43,700 m² at a purchase price of approximately €138 million. The portfolio consists of 452 owner occupied apartments and houses with attractive locations in the Copenhagen area.
With this acquisition, Niam owns a combined Danish residential portfolio of approximately 1,100 high-quality units consisting of over 100,000 m² of total lettable area. The units were constructed from 2006-2010 and are located in attractive areas in and around Copenhagen.
Johan Bergman, CEO at Niam says, “We are very satisfied with this transaction since in terms of quality and location, this is a perfect match to our existing residential portfolio. Niam is confident that the residential market in Copenhagen is an attractive investment area which will continue to benefit from economic and population growth in the years ahead.”