Press releases - 2009

Denmark – 29 June 2009 - Aberdeen Property Fund Denmark P/S (the Fund) will acquire two fully let office properties in Copenhagen from The Doctors’ Pension Fund on 1 July 2009. The total area of the offices will be approximately 10,000 square metres.

DEGI, part of Aberdeen Property Investors, has extended a long-term lease contract for the largest property of the DEGI EUROPA openend property fund, in the shape of around 55,000 sqm of the Maanplein office building in The Hague being leased by KPN, the Netherlands’ main telecommunication company, till 2020. With this agreement three-quarters of the office complex is let on a long-term basis to an anchor tenant.

Aberdeen Property Investors has today relocated to new offices in Milan. The move underscores the Group’s commitment to the Italian real estate market.

Hyundai Swiss Tower in Seoul Sold for approx. €39 million
In late May 2009, DEGI, a member company of Aberdeen Property Investors, sold the Hyundai Swiss Tower in Seoul – an office property held in its DEGI INTERNATIONAL open-ended property fund – to a South Korean buyer for approximately €39 million Euros. Despite the difficult market environment, the negotiated sales price exceeded its current portfolio valuation.

Aberdeen Property Investors has signed an agreement with Gamla SEB Trygg Liv, part of Swedish SEB bank, regarding the property asset management of their property portfolio in Sweden. Aberdeen won the mandate in a competitive tender.

Aberdeen Property Investors Indirect Investment Management (API IIM), has strengthened its team following the completion of the integration process resulting from the acquisition of Goodman Property Investors.

Aberdeen Property Fund Denmark P/S (the Fund) is pleased to announce that despite 2008 being a challenging year for property the Fund has reached its financial goals and will distribute a cash dividend of 7.75% on a yearly basis based on nominal share capital equalling DKr 102 million (€13.7 million).

DEGI reveals 1.7 billion euros invested in property in 2008
- Lettings business strengthens fund earnings
- Conservative investment strategy pays off: Stable returns for DEGI’s funds despite the turbulent financial markets
- DEGI Market Report for Germany offers outlook for property and investment opportunities

DEGI, part of Aberdeen Property Investors, was recently awarded CEE Retail Real Estate Award “Investor of the Year” for 2008.

On 1 January 2009 Aberdeen Property Fund Denmark P/S (the Fund) acquired the commercial property portfolio from The Danish Pension Fund for Engineers (DIP). DIP will receive 40% of the acquisition price in shares in the Fund and will become a new important shareholder amongst the existing institutional and professional investors. The remaining 60% will be cash.

DEGI, part of Aberdeen Property Investors, has recently sold a retail property belonging to the portfolio of its DEGI EUROPA open-end property fund. The property is located at Am Brand in Mainz/Germany, and was sold to Aachener Grundvermögen Kapitalanlage GmbH seated in Cologne. Having acquired it as Quelle Haus in 1973, DEGI modernised the property thoroughly as a development between 2005 and 2007. The property is fully let, with tenants including Saturn, Zara, and Esprit.

Effective 30 January 2009 (from 07:00 am), DEGI, part of Aberdeen Property Investors, will end the suspension of redemptions for its DEGI INTERNATIONAL fund, which has been in effect since the end October 2008.