Joakim Nordblad, Fund Manager for Aberdeen Property Fund Sweden commented:
“The properties acquired by the fund have good potential for value growth. They fit well into the fund’s strategy and its return requirements.”
After the first closing in February this year, the fund presently has an investment capacity of EUR 50 million. The strategy is to invest in and actively manage a well-diversified portfolio and outperform the Swedish SFI/IPD index. Aberdeen Property Fund Sweden is a semi-open fund with a target size over time of EUR 200-500 million, through regular new issues. This fund is targeted at institutional investors that want Swedish real estate exposure with effective diversification and active management.
Ubbe Strihagen, International Director of Aberdeen Property Investors said:
“Our objective is to create value growth through active management of the properties that the Fund acquires. Aberdeen’s ten year track record in Scandinavia is more than 150 basis points above the index returns on property level, showing that a structured investment management process, underpinned by best-in-class research and strong local presence can provide consistent outperformance.”
Aberdeen Property Fund Sweden is the latest addition to Aberdeen’s domestic funds in the Nordic markets, with Aberdeen funds already existing in Norway, Denmark and Finland.
For more information, please contact:
Ubbe Strihagen, International Director Phone: +46 70 520 33 80 E-Mail: ubbe.strihagen@aberdeenpropertyinvestors.com
Charlotte Barker / Tom Siveyer, Maitland Phone: +44 207 379 5151
About Aberdeen Property Investors
Aberdeen Property Investors is one of Europe’s leading property investment managers with over EUR 9 billion in property investments through property funds and management mandates across Europe.
Aberdeen Property Investors has some 500 employees at offices in Belgium, Denmark, Finland, France, Germany, Luxembourg, the Netherlands, Norway, Sweden and the United Kingdom. Clients are primarily institutional investors such as life and pension funds.
Aberdeen Property Investors is part of Aberdeen Asset Management PLC (Aberdeen) an international investment management group listed on the London Stock Exchange with asset management activities in bonds, equities and property.
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.