Aberdeen Property Investors announces that its Luxembourg based Aberdeen Property Nordic Fund I SICAV (FIS) has made two acquisitions and exceeded its target equity size of €200 million.
The fund’s latest acquisitions are a 5,877 sqm office property within Plaza Business Park in Vantaa, Finland, belonging to the Helsinki Metropolitan area. The property is located only five minutes from the airport and 20km from Helsinki city centre. The state-of-the-art “Plaza Piano” was constructed in 2001 and is fully let. It is one of a trio of almost identical, eightstorey buildings, designed in a triangle shape. The price is not disclosed.
The second acquisition is the “Filbytergallerian“ shopping centre located in Linköping, Sweden, offering 16,428 sqm of retail, office and leisure space on six floors as well as parking lots. Constructed in the early 1970s, the shopping centre was comprehensively restructured and refurbished in 2008. The price was some €41 million (SEK 385 million).
Aberdeen Property Nordic Fund I SICAV (FIS) is an open-ended property fund with a diversified Core/Core+ investment strategy for commercial property in the Nordic countries. The fund is designed for, but not limited to, German institutional investors and qualifies as a special fund under Luxembourg law.
Following the latest acquisitions, the fund is now 51% invested, having exceeded its equity target with a committed capital of €210m at the fourth closing in April. Investors in the fund are primarily well-known German insurance companies and the minimum investment is €25m.
The fund is distributed by Aberdeen Property Investors Deutschland GmbH as part of a cooperation agreement with its Luxembourg sister company, which acts as fund manager.
Alexander Tannenbaum, Managing Director of Aberdeen Property Investors Deutschland GmbH said:
“We are very pleased with the success of the Nordic I fund, which we attribute to having a local presence in all target markets and comprehensive industry contacts. We have now profitably invested over 50% of the fund’s capital and continue to look for further investment opportunities on behalf of investors.”
For more information please contact:
Alexander Tannenbaum
Aberdeen Property Investors Deutschland GmbH
firstname.lastname@aberdeenpropertyinvestors.com
Phone: +49 221 65031420
Marc Pamin
Aberdeen Property Investors Deutschland GmbH
firstname.lastname@aberdeenpropertyinvestors.com
Phone: +49 221 65031427
Charlotte Walsh / Victoria Trench, Maitland
Tel: +44 207 379 5151
Aberdeen Property Investors
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 some €130 billion of assets in equities, fixed income and property.
With some €30 billion of property assets under management in Europe, Asia and North America through property funds, funds of funds and management mandates, Aberdeen Property Investors is a top ten property investment manager globally.
Clients are primarily institutional investors such as life insurers and pension funds, served by more than 800 professionals at offices in eleven European countries and in Singapore, Hong Kong and Sydney.
Our mission is to facilitate domestic and international investment exposure to property by offering a comprehensive range of investment products and services, all supported by a structured investment process and local active management.
www.aberdeenpropertyinvestors.com