Niam sells Copenhagen properties for DKK 1.4bn

The real estate investment fund Niam Nordic V has agreed to sell a large property portfolio in the Greater Copenhagen Area of approximately 44,000 sqm in total to the Swedish property company Heimstaden. Plesner assisted Niam with the transaction which has a total value of DKK 1.4bn.

The property portfolio consists of a total of 436 dwellings situated in the Greater Copenhagen Area, primary in the areas of Sluseholmen, Teglholmen and Sydhavnen. The attractive property portfolio is let out 100% and generates annual rent of DKK 68.5m in total.
For the past couple of years Niam has been an important player on the property market in the Greater Copenhagen Area. The dwellings which have just been sold were acquired by Niam in 2012 and 2013 when Niam was one of the first investors in the Copenhagen property market and the acquisitions have been a good investment for Niam's investors. Niam still owns approximately 400 dwellings in the Greater Copenhagen Area.

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