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- October 1, 2011: Vol. 5, Number 9

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Aberdeen Acquires German Retail Asset

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The Aberdeen European Balanced Property Fund, sponsored by Aberdeen Asset Management, has acquired a High Street retail property in Gelsenkirchen, Germany. The asset was sold by Treveria. The 3,940-square-metre property is fully let to C&A.

“The asset is located on the very best retail location in a major German city and offers a long lease contract with a strong tenant,” notes Nico Tates, fund manager for the Aberdeen European Balanced Property Fund.

 

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