Niam sells two office properties in a €107.9 million transaction (SE)

Niam sells two office properties, Karin 11 and Nora 11, located in central Malmöto Wihlborgs for for €107.9 million. The properties have a total lettable area of approximately 45,000 m².
Karin 11’s major tenants are the Police Authority and the County Administrative Board and the property consists of two buildings.
Nora 11 is undergoing a total transformation, which started in 2014, and is turned into a modern and efficient office building in line with current top standards. Niam has updated the facilities and infrastructure in the building. In March 2015, the first upgrade phase comprising 14,000 m², was completed which is let to the Tax Authority on a 10-year green lease.
The second upgrade phase began in the spring of 2015 and will comprise about 12,000 m². Niam has secured a 10-year lease comprising 6,400 m² of this area and the Tax Authority has also leased an additional 2,200 m². The second phase will be completed in 2016.
Source: Niam