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«Aberdeen Property Investors announces that one of its Pan-European funds, "Aberdeen European Balanced Property Fund", has recently acquired properties in both France and the Netherlands
The first property is an office building, Omega B, located on the corner of Rue Baudin – Rue Thierry Le Luron in Levallois-Perret. Levallois is a successful office zone located on the North West border of Paris, with almost 1 million sqm of modern offices. The total area of the building is 4,780 sqm and it has 99 indoor parking places. The building has been let to multiple tenants including BNP Paribas, Harisson & Wolf and Hachette.
L’Etoile Properties acted as Aberdeen’s advisor in the acquisition. The vendor was a fund managed by Lasalle Investments Partners.
The second acquisition is a retail property which is a part of a retail Warehouse Park (Hoendiep) in the west part of Groningen city, The Netherlands.The total area of the property is 9,374m² divided into 2 floors and with 5 retail units. The principal tenants are Leenbakker and Prenatal.
Commenting on the acquisitions, Nico Tates, Fund Manager of the Aberdeen European Balanced Property Fund said:
“Both of these acquisitions fit in well with our strategy of building a risk-averse portfolio of European properties. The property in France is a landmark building with the potential to deliver attractive returns in a competitive office property market, whilst the retail property in the Netherlands will deliver an attractive yield for our investors.”
Aberdeen’s European Balanced Property Fund, launched last year, has raised €242 million in equity from institutional investors to date. The fund currently has assets under management of €194.5 million with further deals in the pipeline in the Netherlands, Spain and France» (CS della Società)
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