Aberdeen Property Funds Pan-Nordic has agreed to acquire a property portfolio in Gothenburg for €140 million. The portfolio of 100,000 m2 in Gothenburg and Mölndal consists largely of offices, but also includes some residential units and retail space.
The acquisition fits into the fund’s strategy to build up a well-diversified portfolio of properties in the Nordic countries, along with limited exposure in the Baltic States. Sweden is a key sub-market for Aberdeen Property Fund Pan-Nordic, which plans to allocate a substantial portion of its invested capital to Swedish properties. Following the acquisition, the fund’s portfolio comprises 20 properties in Sweden, Norway, Finland and Denmark.
Trygve Sletteberg, Fund Manager Aberdeen Property Funds Pan-Nordic comments:
“Our forecasts indicate that the Swedish and Nordic property markets will remain buoyant vis-à-vis the rest of Europe in the immediate future. Pan-Nordic has invested more than €770 million in the Nordic property market since closing on the 31 October 2006. The fund’s aim is to reach a target investment size of minimum €1.5 billion in the region within a two year period.”
For more information:
Trygve Sletteberg
Fund Manager, Aberdeen Property Funds Pan-Nordic
Tel: +47 22 01 27 00, +47 902 08 254
E-mail: trygve.sletteberg@aberdeenpropertyinvestors.com
Jan Sööder, MD Sweden, Aberdeen Property Investors
Tel: +46 8 412 80 98
E-mail: jan.sooder@aberdeenpropertyinvestors.com
Ubbe Strihagen, International Director, Aberdeen Property Investors
Tel: +46 70 520 33 80
E-mail: ubbe.strihagen@aberdeenpropertyinvestors.com
Charlotte Walsh/ Tom Siveyer, Maitland
Phone: +44 207 379 5151
About Aberdeen Property Investors
Aberdeen Property Investors is the specialised property division of Aberdeen Asset Management plc, a global investment management group listed on the London Stock Exchange managing some €130 billion of assets from offices around the world.
Aberdeen Property Investors manages approximately €13 billion in investments through property funds and management mandates on behalf of its institutional client base and employs 500 employees in eleven European countries.
About Aberdeen Property Funds Pan-Nordic
Aberdeen Property Funds SICAV Pan-Nordic is an actively managed property fund investing in commercial property in the Nordic region and the Baltic States. The goal is to build up a diversified portfolio of Nordic properties, with a broad spread in terms of geographic location and property segment. The fund has a target volume of €1.5 billion.
Issued and approved by Aberdeen Asset Managers Limited, on behalf of Aberdeen Property Investors, authorised and regulated by the Financial Services Authority.