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Sign in Sign up for a FREE subscriptionAberdeen diversifies pan-European portfolio with Sweden portfolio purchase
Aberdeen Standard Investments (ASI) has expanded its Pan European Residential Property Fund SICAV-RAIF (ASPER) 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 raises contracted deals in the fund to over €750 million ($842 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 square meters (260,486 square feet).
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.
ASPER focuses on cities with very strong demand and supply fundamentals throughout Western Europe and the Nordi
