Niam has acquired a residential portfolio comprising 65,000 m² at a purchase price of approximately DKK 1.3 billion (approx. 175 million). The portfolio consists of 646 condominiums located in the greater Copenhagen area with the majority located on the attractive Copenhagen harbor front.
Johan Bergman, CEO at Niam says, "We are very satisfied with our first investment in the Danish market through the acquisition of this residential portfolio that is characterized by excellent location, high quality and steady existing income.
"Niam is confident that the residential market in Copenhagen is a very attractive investment area that will continue to benefit from economic and population growth in the years ahead."