Niam hires a CIO from Skanska

Niam, the biggest private equity firm specializing in property in Northern Europe, has appointed Fredrik Jonsson to help drive the firm’s investments in the region.

Swedish private equity real estate firm Niam AB has appointed Fredrik Jonsson to become its chief investment officer later this summer when he joins from contractor Skanska Commercial Development Europe where he was vice president.

At the Stockholm-based investor, which employs approximately 20 staff, he will be responsible for acquisitions of properties and development projects for the property funds.

In a statement, Johan Bergman, NIAM’S managing director, said the new hire has a sound knowledge of real estate acquisitions both in Sweden and internationally.

It is not the first time Niam has lured staff from Skanska. Bergman himself joined last year from the same company where he was responsible for real estate organization as well as the company’s construction business in Russia and Poland.

Niam is both investing and selling properties out of its latest property vehicle, Niam Fund III, which has acquisition firepower of €1.8 billion ($2.4 billion).

In February it teamed with Goldman Sachs’ managed Whitehall funds to buy a €400 million ($533 million) property portfolio from Finnish property group Sponda. More recently, though, it sold the Stockholm headquarters of Swedish medical company Biovitrum for €41 million ($54 million) to global real estate investment manager, PRUPIM, part of British insurer Prudential.