Aberdeen Standard residential fund buys 24,200sqm portfolio in Sweden

Aberdeen Standard Investments (ASI) has added a newly constructed 24,200sqm housing portfolio in Sweden to its European residential property fund.

The Pan European Residential Property Fund (ASPER) has bought the properties – which include 376 apartments, some commercial premises and parking spaces – located in Lidingö, Täby and Sundbyberg.

Constructed by JM, the properties were completed in 2016 and 2019, with one forward purchase expected to be completed in 2021.

The manager said the latest acquisition diversifies the fund’s portfolio to 27 assets in six countries and raising contracted deals in the fund to over €750m. 

ASPER focuses on cities with very strong demand and supply fundamentals throughout Western Europe and the Nordics.

Marc Pamin, director of fund management at Aberdeen Standard Investments, said: “We are very pleased with this latest acquisition, further diversifying the Fund’s portfolio to a total of 2,400 units and a total volume of €750m.”

Pamin said all 27 assets the fund acquired over the last 15 months since inception in the first quarter of 2018, have a strong focus on sustainability.

Related images

  • JM

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Now