Individual

For people managing their own savings and investments.

Intermediary

For wealth managers and financial advisers managing savings and/or investments on behalf of someone else.

Institutional

For DC, DB and LGPS schemes, insurers, charities, universities, family offices and treasurers.

abrdn plc

For shareholders, careers and company information.

Change country site
Current share price:
HomeNews & MediaPress releasesASI pre lets forward funding project in Helsinki

ASI pre lets forward funding project in Helsinki

12 October 2020

Aberdeen Standard Investments (ASI) European Balanced Property Fund has pre-let a high specification 30,000 sqm distribution unit to a Finnish logistics company at a prime logistics location next to Helsinki airport and Ring Road 3.

The lease term is for 15 years with no breaks and the deal was sourced off market by ASI’s specialist local transactions team.

The pre-letting has achieved an uplift in value of €8m, approximately 20% of capital value. The construction of the logistics centre will start in early 2021 and the project will be completed during 2022.

Gert-Jan Kapiteyn, Fund Manager, European Balanced Property Fund, said: “Forward-funding well-located, high specification logistics developments is an excellent way to source high quality, long leased stock for the fund. We have carried out similar ‘build to core’ strategies in Finland, Spain and The Netherlands.”

The €1.2 billion Aberdeen European Balanced Fund has 25 holdings located across Europe. It was launched in 2006 and is a core, low risk, diversified fund aiming to deliver income.

Ends

Media enquiries
Debbie Cowe
07711 774017
Debbie.cowe@aberdeenstandard.com

Notes to editors

  • Aberdeen Standard Investments is one of Europe’s largest real estate investment managers, managing £37 billion of real estate assets across UK, Europe and Asia. Our dedicated team of 270 real estate investment professionals manages more than 1,600 real estate assets worldwide, and are based in 19 offices (including London, Edinburgh, Frankfurt, Paris, Stockholm, Copenhagen, Amsterdam, Hong Kong, Singapore, Boston. (30 June 2020)
  • Aberdeen Standard Investments is a global asset manager dedicated to creating long-term value for our clients. With over 1,000 investment professionals, we manage £486.5 billion* of assets worldwide. We have clients in c.80 countries supported by over 40 offices globally. This ensures we are close to our clients and the markets in which we invest. (*as of 30 December 2019)
  • We are high-conviction, long-term investors who believe teamwork and collaboration are the key to delivering repeatable, superior investment performance.
  • You can access the Aberdeen Standard Investments media centre here: https://www.aberdeenstandard.com/news-and-media

Important Information

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.

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.

Issued in the United Kingdom (UK) by Aberdeen Asset Managers Limited, registered in Scotland (SC108419) at 10 Queen’s Terrace, Aberdeen, AB10 1XL, and Standard Life Investments Limited registered in Scotland (SC123321) at 1 George Street, Edinburgh EH2 2LL. Both companies are authorised and regulated in the UK by the Financial Conduct Authority.