Niam sells housing for more than DKK 400m

The real estate investment fund Niam has sold a portfolio of 114 dwellings in the Greater Copenhagen area to the Swedish property company Heimstaden. Plesner assisted Niam with the transaction.

The property portfolio has an area of approximately 13,800 sqm and consists primarily of terraced houses in Frederiksberg, Værløse and Vallensbæk.

Niam acquired the property portfolio of a total of 114 dwellings in June 2013. In connection with the sale to Heimstaden the property value of the portfolio was stated to be approximately DKK 422m.

The transaction between the two parties is a continuation of Niam selling a portfolio of 436 dwellings to Heimstaden earlier this year.

Click here to read about the previous transaction: "Niam sells Copenhagen properties for DKK 1.4bn"

With the sale that has just been concluded, Niam has sold approximately 1,200 dwellings in the Greater Copenhagen area since the beginning of 2015.

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