The property is located in Värtahamnen by the harbor basin. The property is erected in two segments in the late 80s where the first segment was mainly hotels and offices and the second segment was offices. The property encompasses a total of 47,000 sqm and holds a variety of businesses. Scandic rents the hotel and among the office tenants there are among others Rekryteringsmyndigheten, Inspira and Easypark. Niam will enter the property on April 20th.
 
Johan Bergman, CEO at Niam:
“We are happy to be able to acquire a property with great potential in one of Stockholm’s most important development areas. The plans Stockholm City has for the area are exciting and we look forward to being a part of the future development of a central part of Stockholm. We plan on constructing 250 environmentally friendly apartments at the lakeside in this block.”