Niam to acquire three commuter hubs in Stockholm from Citycon.

Niam, a Nordic real estate firm, agreed to acquire three commuter hubs in Stockholm from Citycon, which owns, develops, and manages shopping centers and other retail properties. Financial terms were not disclosed. "The sale is a confirmation of the value and attractiveness of high-quality Nordic properties with investors. With the current global situation, with low activity in the transaction market, the deal is a confirmation of the current valuation levels for this type of property," F. Scott Ball, Citycon CEO.