Aberdeen Property Investors announces that one of its Pan-European funds, Aberdeen European Balanced Property Fund, has recently acquired properties in both France and the Netherlands.
The first property is an office building, Omega B, located on the corner of Rue Baudin – Rue Thierry Le Luron in Levallois-Perret. Levallois is a successful office zone located on the North West border of Paris, with almost 1 million sqm of modern offices. The total area of the building is 4,780 sqm and it has 99 indoor parking places. The building has been let to multiple tenants including BNP Paribas, Harisson & Wolf and Hachette.
L’Etoile Properties acted as Aberdeen’s advisor in the acquisition. The vendor was a fund managed by Lasalle Investments Partners.
The second acquisition is a retail property which is a part of a retail Warehouse Park (Hoendiep) in the west part of Groningen city, The Netherlands. The total area of the property is 9,374m² divided into 2 floors and with 5 retail units. The principal tenants are Leenbakker and Prenatal.
Commenting on the acquisitions, Nico Tates, Fund Manager of the Aberdeen European Balanced Property Fund said:
“Both of these acquisitions fit in well with our strategy of building a risk-averse portfolio of European properties. The property in France is a landmark building with the potential to deliver attractive returns in a competitive office property market, whilst the retail property in the Netherlands will deliver an attractive yield for our investors.”
Aberdeen’s European Balanced Property Fund, launched last year, has raised €242 million in equity from institutional investors to date. The fund currently has assets under management of €194.5 million with further deals in the pipeline in the Netherlands, Spain and France.
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For further information, please contact:
Nico Tates, Fund Manager, Aberdeen European Balanced Property Fund
Telephone: + 31 20 687 05 00
E-mail: firstname.surname@aberdeenpropertyinvestors.com
Sandrine Vergallen, Deputy Fund Manager, Aberdeen European Balanced Property Fund
Telephone: + 33 1 76 74 17 75
E-mail: firstname.surname@aberdeenpropertyinvestors.com
Charlotte Walsh / Victoria Trench, Maitland
Tel: +44 207 379 5151
About Aberdeen’s European Balanced Property Fund
Aberdeen European Balanced Property Fund invests in Belgium, Finland, France, The Netherlands, and Spain. In France, the fund invests mainly in office, commercial and logistic premises. This transaction was the fund’s second investment in France.
About Aberdeen
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 over EUR 130 billion of assets.
Aberdeen Property Investors has some €30 billion of assets under management through property funds, funds of funds and management mandates in Europe and Asia.
Clients are primarily institutional investors such as life insurers and pension funds, served by our some 800 professionals at offices in eleven European countries and in Singapore.
Our mission is to facilitate 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.
Issued and approved by Aberdeen Asset Managers Limited, on behalf of Aberdeen Property Investors, authorised and regulated by the Financial Services Authority.