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- October 1, 2012: Vol. 6, Number 9

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Aberdeen Raises Swedish Residential Fund

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Aberdeen Asset Management has held a first close of the Aberdeen Residential Sweden Fund with €115 million from institutional investors. The fund targets high-quality rental housing in growth areas of Sweden, using a conservative investment strategy.

“Housing in Sweden is experiencing strong investor interest, and we feel we have managed to fill a gap in the market with this new product for mid-sized institutional investors,” says Göran Bengtsson, head of investment management property in Sweden at Aberdeen. “It is very gratifying that the first closing was so successful, giving us a good opportunity to finalise interesting transactions in the coming months.”

 

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