Aberdeen Property Investors expands its fund activities and launches two new international fund products, designed mainly for German investors.
Aberdeen Property Investors is one of Europe’s leading property investment managers with over EUR 9 billion in property investments. The company has increased its range of fund products at a rapid pace over the past 12 months and now offers funds both on a national and regional level, as well as several fund-of-funds products. At a press conference in Frankfurt, Aberdeen has announced that it wants to offer German investors international diversification through two new tailor-made products:
Aberdeen Property Nordic Fund I SICAV is an open-ended fund for the institutional investor with an interest in the Nordic region. With its SICAV structure, this vehicle has been especially designed to fit the German market. Target equity is EUR 400 million and focus will be on the office and retail sectors. The fund has just announced its second acquisition (and the first one in Finland), with the first phase of the Falcon business park project in Espoo, Finland, from NCC Property development.
N°1 Hertogenbosch/Niederlande is a closed ended-fund for the private investor seeking good risk adjusted return through international exposure. The investment volume is EUR 100 million and the fund’s underlying asset is an office building located in the Dutch city of Hertogenbosch with one of the Netherlands’ biggest energy suppliers as tenant.”
Mr Bernd Essler, Managing Director of Aberdeen Property Investors Deutschland commented:
“We are very pleased to be able to offer specialised funds for both institutional and private investors. Although we will also seek investment opportunities in the local German market for Aberdeen’s funds and international investors, our main focus now is to build relationships with German investors for investments outside Germany.”
Ubbe Strihagen, International Director of Aberdeen Property Investors Holding, added:
“As one of Europe’s largest markets, both in terms of property and of investment capital for international investments, Germany is a key market. Aberdeen’s expansion here is an important step towards our ambition of being the leading investment manager in Europe. Property funds are becoming an important part of the portfolio of institutional investors. Our ambition is to offer international products that fit their requirements in terms of international diversification and risk adjusted returns.”
For more information, please contact:
Ubbe Strihagen, International Director, Aberdeen Property Investors Holding Phone: +46 70 520 33 80 E-Mail: ubbe.strihagen@aberdeenpropertyinvestors.com
Bernd Essler, Managing Director, Aberdeen Property Investors Deutschland Phone: + 49 221 6503140 E-Mail: bernd.essler@aberdeenpropertyinvestors.com
Charlotte Barker / Tom Siveyer, Maitland Tel: +44 207 379 5151
Aberdeen Property Investors in brief
Aberdeen Property Investors is the specialised property division of Aberdeen Asset Management, an international investment management group listed on the London Stock Exchange with asset management activities in bonds, equities and property.
Aberdeen Property Investors manages over EUR 9 billion in property investments through property funds and management mandates. It 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.
Issued and approved by Aberdeen Asset Managers Limited, on behalf of Aberdeen Property Investors, authorised and regulated by the Financial Services Authority.