The centre is situated adjacent to the pedestrian high street Hoofdstraat in the city of Veenendaal, The Netherlands. It has a total area of 12,599 sqm with more than 40 shops and 468 indoor parking places. The tenant structure is a mix of retail chains and local companies including Takko, Blokker and Aldi. Built in 1990, Aberdeen is planning to renovate the centre.
Aberdeen’s European Shopping Property Fund will have its first closing at the end of June and is designed for institutional investors.
The fund currently manages properties with a total asset value of €160 million and has further deals in the pipeline in Belgium, France and Germany, offering investors immediate property exposure.
Nico Tates, Fund Manager for Aberdeen European Shopping Property Fund, commented:
“We are very pleased to have purchased a shopping centre in a region of the Netherlands that is currently experiencing growth and subsequently offers attractive return prospects. Our specialist retail experience together with our active management style will enable us to increase value for investors.”
For further information, please contact:
Nico Tates, Fund Manager of Aberdeen European Shopping Property Fund Tel: + 31 20 687 05 00
E-mail: nico.tates@aberdeenpropertyinvestors.com
Thomas Holm, Deputy Fund Manager of Aberdeen European Shopping Property Fund Tel: + 31 20 687 05 00
E-mail: thomas.holm@aberdeenpropertyinvestors.com
Ubbe Strihagen, International Director, Aberdeen Property Investors Holding Tel: +46 70 520 33 80
E-mail: ubbe.strihagen@aberdeenpropertyinvestors.com
Charlotte Walsh/ Tom Siveyer, Maitland Tel: +44 207 379 5151
About Aberdeen’s European Shopping Property Fund
Aberdeen European Shopping Property Fund invests in Belgium, Germany, France and The Netherlands. The Fund is specialised in retail properties and invests in shopping centres, retail warehouses and high street unit shops.
About Aberdeen
Aberdeen Property Investors is the specialist property division of Aberdeen Asset Management plc, a global investment management group listed on the London Stock Exchange and managing over €100 billion of assets.
Aberdeen Property Investors manages €11 billion in investments through property funds and management mandates on behalf of its institutional client base. Aberdeen Property Investors has some 500 employees at offices in ten European countries.
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. 2 of 2