Aberdeen Asset Management has acquired the Olen Shopping Park in Olen near Antwerp from local developer Vlaeco. The 38,000 m[sup]2[/sup] retail park was bought for Aberdeen’s European Balanced Property Fund which targets institutional investors. Financial details were not disclosed.
Aberdeen Asset Management has acquired the Olen Shopping Park in Olen near Antwerp from local developer Vlaeco. The 38,000 m2 retail park was bought for Aberdeen’s European Balanced Property Fund which targets institutional investors. Financial details were not disclosed.
The newly developed scheme is let mainly to sports equipment retailer Decathlon and provides 1,500 parking spaces.
The Aberdeen European Balanced Property Fund has an investment volume of EUR 535 mln and focuses on core assets in the eurozone, notably in Belgium, Finland, France, Germany and the Netherlands. The fund’s current portfolio is split between retail (62%), offices (22%) and logistics (16%) and has a vacancy rate of 2% .
Aberdeen Asset Management is listed on the London Stock Exchange and manages some EUR 24 bn in real estate assets.
Click on the link below to read: 'Aberdeen appoints senior business development manager'
