Aberdeen Standard Investments (ASI) has expanded its Pan European Residential Property Fund (ASPER) SICAV-RAIF with the purchase of a newly constructed residential portfolio in Sweden. This latest acquisition diversifies the Fund’s portfolio to 27 assets in six countries and raising contracted deals in the fund to over €750 million.
The properties, located in three of Stockholm’s most desirable municipalities - Lidingö, Täby and Sundbyberg - include 376 apartments with some additional commercial premises and parking spaces distributed over a total lettable area of approximately 24,200 sq.m. Constructed by JM, one of the leading developers of housing and residential areas in Scandinavia, the properties completed in 2016 and 2019, with one forward purchase expected to be completed in 2021.
Marc Pamin, Director Fund Management, Aberdeen Standard Investments commented:
“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 €750 million. All 27 assets the Fund acquired over the last 15 months since inception in Q1 2018, are modern, high quality and have a strong focus on sustainability. With the latest acquisition we underline our ambitions as we continue to build a well-diversified European residential portfolio with a sound and sustainable income stream for our investors.”
ASPER focuses on cities with very strong demand and supply fundamentals throughout Western Europe and the Nordics and is managed by a team located across three European countries, led by Marc Pamin. The team call upon the wider resources of ASI, Europe’s second largest real estate investment manager, which includes approximately 235 dedicated property investment professionals operating out of 11 offices across the continent.
0131 372 1821
Notes to editors
For Professional Investors only
The value of investments, and the income from them, can go down as well as up and you may get back less than the amount invested. Past performance is not a guide to future results. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. We recommend that you seek financial advice prior to making an investment decision.
Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.
The details contained here are for information purposes only and should not be considered as an offer, investment recommendation, or solicitation to deal in any investments or funds and does not constitute investment research, investment recommendation or investment advice in any jurisdiction. Any research or analysis used to derive, or in relation to, the above information has been procured by us for our own use, without taking into account the investment objectives, financial situation or particular needs of any specific investor, and may have been acted on for own purpose. No warranty is given as to the accuracy, adequacy or completeness of the information contained in this communication and no liability for errors or omissions in such information. Readers must make assessments to the relevance, accuracy and adequacies of the information contained in this communication and make independent investigations, as they may consider necessary or appropriate for the purpose of such assessments. Any opinion or estimate contained in this communication, are made on a general basis. No information contained herein constitutes investment, tax, legal or any other advice, or an invitation to apply for securities in any jurisdiction where such an offer or invitation is unlawful, or in which the person making such an offer is not qualified to do so.
United Kingdom issued by Aberdeen Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority in the United Kingdom. Registered Office: 10 Queen’s Terrace, Aberdeen AB10 1XL. Registered in Scotland No. 108419.
Standard Life Investments companies: Standard Life Investments Limited is registered in Scotland (SC123321) at 1 George Street, Edinburgh EH2 2LL. Standard Life Investments Limited is authorised and regulated in the UK by the Financial Conduct Authority.