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.
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Notes to editors
- Aberdeen Standard Investments is Europe’s second largest real estate investment manager, managing £44.5 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. (31 March 2019)
- Aberdeen Standard Investments is a leading global asset manager dedicated to creating long-term value for our clients, and is a brand of the investment business of Aberdeen Asset Management and Standard Life Investments. With over 1,000 investment professionals, we manage £519.4 billion of assets worldwide. We have clients in 80 countries supported by 50 relationship offices. This ensures we are close to our clients and the markets in which we invest. (as of 31 March 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
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