Aberdeen Property Fund Sweden announces the acquisition of a portfolio of nine properties with a combined real estate value of approximately EUR 77 million. The properties were sold by Diös & Kuylenstierna and the deal was configured as a corporate transaction.
The properties, which are located in and around Stockholm, are recently renovated or newly built and consist largely of office facilities, but also include retail and residential properties. Six are located in Södertälje and two in Uppsala. The transaction also includes an office property in the former Filmstaden facility in Solna, near Stockholm, where the tenants include the film distributor, Svensk Film (SF). The properties cover 34,500 sqm and the initial vacancy rate is 7.5 %, which complies with the fund’s risk strategy.
Aberdeen Property Fund Sweden also recently acquired a logistics property in Gothenburg representing over 3,400 sqm, bringing the total investment over the past months to EUR 81 million.
Kristina Najjar, Head of Business Development for Aberdeen Property Fund Sweden, comments:
“Since its inception in spring, the fund has invested more than EUR 100 million among 14 properties and we are very satisfied with how the portfolio is looking”.
Ubbe Strihagen, International Director at Aberdeen Property Investors adds:
“A strong local presence provides the basis for the success of Aberdeen’s property funds. We are pleased to bring this expertise to institutional investors that have an interest in Sweden or the larger Nordic and Baltic regions”.
Aberdeen Property Fund Sweden is aimed at institutional investors seeking exposure to Swedish real estate. The purpose of the fund is to generate a stable return and long-term value growth by building a well diversified and actively managed property portfolio. The fund has a volume target of approximately EUR 550 million in total capital, including gearing.
For further information, please contact:
Kristina Najjar, Head of Business Development Aberdeen Property Fund Sweden
Tel: +46 8 412 80 69 / +46 70-209 70 07
E-mail: kristina.najjar@aberdeenpropertyinvestors.com
Ubbe Strihagen, International Director, Aberdeen Property Investors Holding
Tel: +46 70 520 33 80
E-mail: ubbe.strihagen@aberdeenpropertyinvestors.com
Charlotte Barker / Tom Siveyer, Maitland Tel: +44 207 379 5151
About Aberdeen Property Investors
Aberdeen Property Investors is the specialist division of Aberdeen Asset Management plc, a global investment management group listed on the London Stock Exchange and managing over EUR 100 billion of assets.
Aberdeen Property Investors manages over EUR 9 billion in property investments through property funds and management mandates. The division has some 500 employees at offices in ten European countries. Clients are primarily institutional investors such as life and pension funds.
Aberdeen was named the leading Property Investment Manager; Globally, in Western Europe and in the Nordic & Baltic regions in the Euromoney Awards 2006 for Excellence in Real Estate.
Issued and approved by Aberdeen Asset Managers Limited, on behalf of Aberdeen Property Investors, authorised and regulated by the Financial Services Authority.
About Aberdeen Property Fund
Sweden Aberdeen Property Fund Sweden is a balanced, well-diversified and actively managed fund with a target volume of EUR 550 million in total capital. The fund’s allocation strategy aims at generating a continual stable return and long-term growth for institutional investors and outperforming the total annual return on the Swedish SFI/PD property inde