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Sign in Sign up for a FREE subscriptionNiam holds final close for core-plus Nordic fund
Niam AB, the Stockholm-based pan-Nordic real estate investment manager, has held a €300 million ($405 million) final close for its Niam Nordic Core-Plus Fund, which launched in 2010. The vehicle has a total investment capital of €600 million ($809 million) with leverage.
Niam Nordic Core-Plus will target office, retail and residential investments in the Nordic region, particularly in Sweden, Finland, Norway and Denmark.
This is the firm's first core-plus fund. Before marketing Niam Nordic Core-Plus Fund, Niam AB specialized in opportunistic funds. Its latest opportunistic fund, Niam Nordic V, closed on May 9, 2012, with €719 million ($969 million) in equity commitments, making it the biggest Nordic opportunistic property fund. With an investment capacity of approximately €2.2 billion ($3.0 million), Niam Nordic V targets commercial real estate in the Nordic and Baltic region.
