Crown Asset Management AB
Niam and Crown Asset Management collaborate to invest in and manage retail properties in Finland. Niam acts as the significant majority investor and Crown acts as a minority investor and property manager. Crown’s staff has significant experience in active, value-generating portfolio management. The company’s specialty is actively seeking out investments with improvement potential and developing them so that they can be sold as an upgraded product with a significant increase in value.
Whitehall Funds
Niam and Goldman Sachs have made two investments together. In the summer of 2005, Niam Fund III and Goldman Sachs' Whitehall Funds invested in an office portfolio consisting of six properties in the Marievik district of Stockholm and two properties in the Kista district. This portfolio was sold by the first quarter 2008. In February 2007, a mixed use portfolio in Finland was acquired. The partners own equal shares of the portfolio. Previously, Niam and Whitehall have made three joint venture investments together in which Niam, in addition to the role of minor co-investor, also acted as operating partner.
Niam as an operating partner
Historically, Niam acted as an operating partner to highly regarded financial institutions, including Goldman Sachs, GE Capital and Morgan Stanley. Through these partnerships and relationships, Niam developed a reputation as a knowledgeable local operator and for providing its clients with excellent communications, reporting systems and financial disclosure.
Goldman Sachs’ Whitehall Funds
- Opportunistic investments in major Swedish cities
- 79 assets, 666,000 sqm: 68% office, 32% other
- Investment value €1.4 billion
GE Capital & Morgan Stanley JV
- Opportunistic investments in all regions in Sweden
- 142 assets, 509,000 sqm: 26% office, 20% industrial, 18% retail, 36% other
- Investment value €315 million
Morgan Stanley
- Opportunistic investments in Central Sweden
- 55 assets, 158,000 sqm: 29% office, 33% residential, 25% retail, 13% other
- Investment value €123 million