Aberdeen Property Fund Finland I Ky was launched by Aberdeen in September 2005. The Fund had its first closing on 15 December 2005 when it raised €46 million, mainly from Finnish institutions.
The 16 properties acquired comprise retail and logistics properties with a combined area of about 42,000 sqm, and are located mostly in Southern Finland (Espoo, Vantaa, Pori and Jyväskylä). The properties are mostly fully leased with long lease agreements.
Pertti Vanhanen, CEO of Aberdeen Property Investors Finland Oy commented:
“This is a good start for the Fund. Reliable tenants with good lease maturity create a solid base for success. The Fund has been well received as a new active operator in the market and we believe that there is the opportunity to purchase further suitable properties in the future.”
Markku Aho, Director of Aberdeen Property Investors Finland added:
“The fund has already had commitments from a number of new investors, including a growing number from outside Finland, showing there is healthy demand for Finnish property from institutional investors.”
End
For more information, please contact:
Aberdeen Property Investors Finland Oy
Pertti Vanhanen, CEO
Telephone: +358 10 3040 301, mobile +358 500 669 979
E-mail: pertti.vanhanen@api.fi
Markku Aho, Head of Investment Management
Telephone: +358 10 3040 335, mobile: +358 50 559 3646
E-mail: markku.aho@api.fi
Aberdeen Property Investors in brief
Aberdeen Asset Management PLC (Aberdeen) is an international investment management group listed on the London Stock Exchange with asset management activities in bonds, equities and property. The specialized subsidiary Aberdeen Property Investors manages over €8 billion in property investments through property funds and management mandates.
Aberdeen Property Investors has some 500 employees at our offices in Belgium, Denmark, Finland, Germany, Luxembourg, the Netherlands, Norway, Sweden and the United Kingdom. Clients are primarily institutional investors such as life and pension funds.
Issued and approved by Aberdeen Asset Managers Limited, on behalf of Aberdeen Property Investors. Aberdeen Asset Managers Limited is authorised and regulated by the Financial Services Authority.