Niam has sold the office property Vega 4 located in central Stockholm, Sweden to the fund DEREIF SICAV-FIS managed by Corpus Sireo Investment Management S.à r.l, Luxembourg. The deal closed on March 10, 2014.
Stefan Albinsson, Fund Manager at Niam, says, “Vega 4 is an attractive fully let office property with stable cash flows. By splitting Vega into two properties, Vega 4 and 5, Niam also created an opportunity to supply Stockholm city center with approximately 60 new apartments. Niam sold Vega 5 to Oscar Properties in November.”