Niam has entered into a binding agreement for the acquisition of 70 terraced houses in Hillerod Municipality in Greater Copenhagen area of Denmark. The residential units are acquired from Sophienberg Gruppen and Lemvigh-Muller. The sellers will deliver the units turnkey on June 1st, 2022. The purchase price was not disclosed.
Michael Berthelsen, Country Manager Denmark, said: "We are excited to be able to acquire these high-quality terraced houses in the heart of Hillerød, which are affordable for most families. We believe that Hillerod is an attractive city to join our residential property portfolio”.