The Bank of Sweden Tercentenary Foundation selects Aberdeen as its asset manager

24 Nov 2005

Aberdeen Property Investors has been appointed to manage the Bank of Sweden Tercentenary Foundation’s Swedish property portfolio, worth over SEK 600 million. This portfolio comprises 12 attractively located properties in Stockholm and Malmo, with total floor-space of 32,000 sq m. The assignment is a total undertaking with services extending from property services to portfolio analysis.

Thomas Holm, Aberdeen Property Investors’ COO, commented: “We’re delighted we’ve been entrusted to help the Bank of Sweden Tercentenary Foundation to migrate from traditional property management to the financial management of real estate assets.”

“We’re very satisfied we’ve gained the opportunity to collaborate with as professional a partner as Aberdeen in our efforts to develop the real estate share of our assets,” continued Björn Olsson, the Bank of Sweden Tercentenary Foundation’s CFO.

The Bank of Sweden Tercentenary Foundation is an independent trust intended to promote and support scientific research. The Foundation is financed by donations from sources including the Bank of Sweden and Swedish Government.

For more information, please contact:
Thomas Holm Aberdeen Property Investors’ COO , Tel. +46 (0)8 412 8084, mobile +46 (0)70 557 6776

Björn Olsson The Bank of Sweden Tercentenary Foundation’s CFO, Tel. +46 (0)8 506 26404, mobile +46 (0)70 306 1659