Henrik Gerdin, Fund Manager at Niam, concludes: “Niam has been an active player in the Nordic residential market since year 2000, executing a wide range of transactions across the entire spectrum of the market, exceeding an aggregated value of €3 billion. Building on this success, I am excited to continue implementing this winning strategy and leveraging our expertise in the Nordic region over the coming years.”
Erik Rehnquist, founder of Milton Huse, says, “We aim to establish a unique market position as the leading end-to-end property group by combining Milton Huse's expertise in homebuilding with Niam's experience in operating rental properties and access to growth capital. With the growing demand for rental housing, our objective is to build a large-scale portfolio of appealing terraced houses within a few years, which will be built in accordance with the DGNB Gold-standard.”
One construction project is already underway, but several more will start in 2023. The expectation is that the joint venture will develop and construct around 500 homes per year, making it a top priority for Kronhusene to strengthen its portfolio with well-located land in Danish regional cities.