Niam acquired the property in 2019 and has now sold it to a consortium comprising Finnish investor CapMan and Danish pension fund AP Pension.
“The hotel market has recovered strongly following the pandemic, supported by increasing travel and continued demand for high-quality hotel assets in attractive locations. This transaction reflects the renewed strength of the market and the continued appetite from institutional investors for well-positioned assets with strong long-term fundamentals,” says Rikard Henriksson, Head of Real Estate at Niam Group.
“During our ownership, we have worked to strengthen the asset and its operational foundation. This has included renegotiating the lease agreement and technically separating the hotel and office components of the property. While we remain confident in the asset’s long-term prospects, we believe the current market environment provides an attractive opportunity to realise value for our investors,” says Erik Rydström, Fund Manager at Niam Group.
Niam would also like to thank Bella Group for a strong partnership throughout the ownership period.
Contact
Olivia Lindelöf, Head of Communications, olivia.lindelof@niam.com, +46728867537
About Niam
Niam Group is a leading private markets firm in the Nordics, focused on Real Estate, Infrastructure and Credit. Founded in 1998, Niam was among the first to introduce real asset private equity to the Nordic region. Over the past decades, we have executed some of the region’s most notable transactions. Since inception, Niam has raised more than EUR 7.5 billion in capital and currently holds around EUR 5.4 billion in assets under management across 11 active funds. We are headquartered in Stockholm with offices in Oslo, Copenhagen, Helsinki, Luxembourg, London, and Zurich. As our platform continues to expand, we remain dedicated to the values that define both Niam and the Nordics: transparency, integrity and resilience.
More info: www.niam.com
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