Aberdeen Property Investors Indirect Investment Management (API IIM), part of Aberdeen Asset Management's property division, has signed a segregated account agreement with the Third Swedish National Pension Fund (AP3) for approximately EUR 250 mln.
Aberdeen Property Investors Indirect Investment Management (API IIM), part of Aberdeen Asset Management's property division, has signed a segregated account agreement with the Third Swedish National Pension Fund (AP3) for approximately EUR 250 mln.
AP3 has given API IIM the mandate to assist the fund in building a European property funds portfolio. The objective is to create a well diversified portfolio during a four-year period, generating a good risk adjusted return. During this period, AP3 is expected to invest approximately EUR 250 mln in some 10 different funds. This is API IIM’s fifth segregated account for international indirect property investments, and the first one with a Swedish client.
