Plesner assists Niam Nordic V with the acquisition of property portforlio worth 13bn
The international real estate fund Niam Nordic V has made its first investment in Denmark. The investment was secured with Plesner as the legal advisor and comprises an attractive property portfolio of 646 owner-occupied flats worth approximately DKK 1.3bn.
One of the largest transactions in 2011
The properties are situated directly by the sea in new built-up areas in Sydhavnen in Copenhagen and in the Copenhagen suburbs of Vallensbæk and Søborg. The high-quality flats were built during the period 2007-2009 targeted at the owner-occupied housing market and today they are all occupied. The transaction was one of the largest transactions in Denmark in 2011 and Plesner assisted Niam Nordic V carrying out a legal due diligence and negotiating a transfer agreement, a loan agreement etc.
Niam Nordic V, represented in the Nordic countries by offices in Oslo, Stockholm and Helsinki, set up an office in Copenhagen at the beginning of 2011. The real estate fund has now made its first investment in Denmark by acquiring the real estate portfolio totalling 65,000 square meters.
Read about Plesner's practice area Commercial Real Estate.For further information please contact Partner Leif Djurhuus or Partner Jakob Schou Midtgaard.