Aberdeen Property Investors expands its fund activities and launches two new international fund products, designed mainly for German investors. It wants to offer these German investors international diversification through two new tailor-made products.
Aberdeen Property Nordic Fund I SICAV is an open-ended fund for the institutional investor with an interest in the Nordic region. With its SICAV structure, this vehicle has been especially designed to fit the German market. Target equity is EUR 400 million and focus will be on the office and retail sectors. The fund has just announced its second acquisition (and the first one in Finland), with the first phase of the Falcon business park project in Espoo, Finland, from NCC Property development.
N°1 Hertogenbosch/Niederlande is a closed ended-fund for the private investor seeking good risk adjusted return through international exposure. The investment volume is EUR 100 million and the fund's underlying asset is an office building located in the Dutch city of Hertogenbosch with one of the Netherlands' biggest energy suppliers as tenant."
Mr Bernd Essler, Managing Director of Aberdeen Property Investors Deutschland commented:
"We are very pleased to be able to offer specialised funds for both institutional and private investors. Although we will also seek investment opportunities in the local German market for Aberdeen's funds and international investors, our main focus now is to build relationships with German investors for investments outside Germany."
Ubbe Strihagen, International Director of Aberdeen Property Investors Holding, added:
"As one of Europe's largest markets, both in terms of property and of investment capital for international investments, Germany is a key market. Aberdeen's expansion here is an important step towards our ambition of being the leading investment manager in Europe. Property funds are becoming an important part of the portfolio of institutional investors. Our ambition is to offer international products that fit their requirements in terms of international diversification and risk adjusted returns."
Source: Aberdeen Property Investors