The property funds managed by Aberdeen Asset Management Finland closed property transactions for 40 million during the third quarter in Finland.
According to the KTI Finnish Property Information Ltd's transaction surveillance, Aberdeen's proportion of all the transactions in Finland during that time was over 10%.
The acquisitions included a logistic property in Hämeenlinna and retail property in Seinäjoki. From Helsinki one retail property and in Turku an office/retail property were sold. The capital from the sales will be reinvested or returned to the fund's investors depending on fund's strategy.
Ari Anttonen, Head of Investment Management at Aberdeen Finland, comments: "Despite the challenging markets our funds were able to actively execute both acquisitions as well as sales during the beginning of the autumn.
"We have different strategies for all the funds we manage in Finland so it makes it possible to execute different kind of transactions without concentrating to one specific sector, region or property type. Our funds are looking for a number of new investments and we have a good pipeline of disposals as well."
Source: Maitland
