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«Aberdeen Property Funds SICAV Pan-Nordic (“The Fund”) announces that it has acquired a property portfolio in Stockholm for approximately € 220 million (SEK 2.1 billion) from Whitehall Street Real Estate Funds and Niam Fund III. The portfolio consists of eight office properties spanning approximately 70,000 m2 located in Marievik, southern Stockholm.
The Fund has a value-added profile and aims to build a diversified portfolio of office properties in attractive growth areas in the Nordic region and Baltic States. Marievik and Liljeholmen are two
districts in southern Stockholm offering good growth potential, in particular because of good communications. Furthermore, Marievik has a high concentration of modern office premises and
continues to grow following the addition of over 4,000 new housing units and a new shopping centre in the region.
Following this acquisition, Aberdeen’s Pan-Nordic Property Fund will have invested approximately €500 million in Swedish properties. The fund’s overall portfolio comprises properties with an
aggregate value of in excess of €1.2 billion, with property holdings in all four Nordic countries. It has a target investment size of minimum €1.5 billion» (CS della Società)
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