Aberdeen’s Swedish fund raises SEK 200 m for first closing

09 Feb 2006

Aberdeen Property Investors has raised SEK 200 m for the first closing of its Swedish property fund, implying total investment capacity of SEK 500 m, for investment in Swedish real estate with a balanced and well-diversified portfolio strategy (core plus).

Aberdeen property fund Sweden has a balanced, well-diversified actively managed profile, and is structured as an open fund with the objective of achieving a volume of SEK 2 - 5 bn of total assets over time through regular new issues.  This fund is targeted at Swedish and international investors that want the benefits of effective diversification and active management of their real estate exposure. 

“The purpose of this Fund is to offer broad exposure to the Swedish property market for investors that want effective diversification of their overall asset portfolios,” reports Jan Sööder, Managing Director of Aberdeen Property Investors Sweden.

Aberdeen Property Fund Sweden is the latest in a series of real estate investment products the company is launching and managing.  Its return target is to outperform the SFI/IPD’s (Swedish property index) annual total return on standing investments by adopting an efficient allocation strategy (core plus) combined with the active management and careful selection of investment targets.

“Based on Aberdeen’s forecast of the SFI/IPD for the next five years, the Fund should generate a 16 - 20% annual return on equity, corresponding to un-leveraged total returns of 9.5 - 10.5%,” adds Bertil Nilsson, Aberdeen Property Fund Sweden’s Fund Executive.

For more information, please contact

Bertil Nilsson
Fund Executive, Aberdeen Property Fund Sweden
Tel: +46 (0)8 412 8614

Jan Sööder
Managing Director, Aberdeen Property Investors Sweden                                                                                                    
Tel: +46 (0)8 412 8098

ABERDEEN PROPERTY INVESTORS. BOX 3039. SE-103 63 STOCKHOLM. SWEDEN. VISITING ADDRESS: LUNTMAKARGATAN 34. TELEPHONE:+46 (0)8 412 80 00 POST@ABERDEENPROPERTYINVESTORS.COM PART OF ABERDEEN ASSET MANAGEMENT PLC