Aberdeen Real Estate Fund Finland L.P. has acquired the Hatanpään valtatie 30 property in Tampere, Finland. The property was built in three phases between 1998 and 2000 with a total area of approximately 50,000 square metres. The transaction is structured as a sale and lease-back transaction involving the Fund, Nokia Siemens Networks and Nordea Finance Finland Ltd. Nokia Siemens Networks will continue to use the space as tenant.
Aberdeen Real Estate Fund Finland L.P. is a closed ended value-added fund, launched in December 2006 and customised for three institutional investors; Ilmarinen Mutual Pension Insurance Company Finland, pension fund ABP from the Netherlands and Danish ATP Real Estate. The Fund had its final closing in December 2007 with total commitments of 200 million euros and a targeted gross asset value of 600 million euros.
Christoffer Sundberg, Fund Manager for Aberdeen Real Estate Fund Finland L.P. commented: “We are pleased to have acquired a high quality property in Tampere that will further improve the current portfolio’s diversification and bring the Fund’s total gross asset value to approximately 500 million euros.”
“The objective is to develop a business park concept for the property and further gain from its architectural potential”, said the Fund’s Asset Manager Mauri Laurila.
Colliers International Oy acted as the sellers’ advisor in this transaction.
For more information, please contact:
Christoffer Sundberg, Fund Manager, Aberdeen Real Estate Fund Finland L.P.
Tel. +358 (0)10 3040 336
E-mail: christoffer.sundberg@aberdeenpropertyinvestors.com
Mauri Laurila, Asset Manager, Aberdeen Real Estate Fund Finland L.P.
Tel. +358 (0)10 3040 272
E-mail: mauri.laurila@aberdeenpropertyinvestors.com
Charlotte Walsh/ Tom Siveyer, Maitland
Phone: +44 207 379 5151
About Aberdeen
Aberdeen Property Investors is the specialised property division of Aberdeen Asset Management PLC, a global investment management group listed on the London Stock Exchange, managing over €140 billion of assets as at 31 October 2007.
Aberdeen Property Investors manages some €20 billion in property investments through property funds and management mandates as at January 2008. The division has some 600 employees at offices in eleven European countries and in ingapore. Our mission is to facilitate international investment exposure to property by offering a comprehensive range of investment products and services, all supported by a structured investment process and local active management. www.aberdeenpropertyinvestors.com
Issued and approved by Aberdeen Asset Managers Limited, on behalf of Aberdeen Property Investors, authorised and regulated by the Financial Services Authority.