Aberdeen Acquires German Retail Asset
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.