Niam acquired two office properties in separate transactions comprising approx. 23,400 m² in the greater Copenhagen area for approximately €51 million.
Niam acquired an office property from a private investor located at Indertoften 10 in Vanløse, Copenhagen. The property comprises 6,700 m² and is fully let to the municipality of Copenhagen. Niam has taken ownership effective as of March 1, 2014.
Niam also signed an agreement to acquire a modern, multi-tenant, office property called Fairway House which is located in Ørestad Business District, Copenhagen. The property comprises approx. 16,700 m² and will be acquired from an international property fund. Niam will take ownership effective as of April 1, 2014.
Johan Bergman, CEO at Niam, says; “We are very satisfied to acquire two high quality properties with strong tenants at excellent locations in terms of infrastructure. These investments fit well into the existing portfolio that is well positioned to benefit from an improved economic outlook and development in Denmark and Copenhagen in the years ahead.”