The properties are located in regional shopping destinations in Umeå, Kalmar, Norrköping, Gävle and Mora and were acquired by Niam in 2015 and 2016. During the ownership period, Niam actively worked to reduce vacancies and extend contracts with existing tenants. Successful leasing and renegotiation accounted for some 23,200 square meters (23 percent of portfolio square meters) since acquisition.
“We are very pleased to have successfully implemented our active management strategy in these properties in order to create an attractive portfolio from separately acquired properties," says Victor Wettergren, Fund Manager at Niam
Niam Sells Retail Portfolio in Sweden
Sweden — Niam has signed an agreement to sell eight retail properties, comprising 100,000 square meters, to Svenska Handelsfastigheter for a total of EUR 160M.
Maria Olsson Äärlahtmaria@nordicpropertynews.com