Aberdeen Wins €90 Million Direct Property Portfolio
Aberdeen Property Fund Denmark P/S has acquired a commercial property portfolio from the TDC Pension Fund for €90 million. The portfolio comprises 22 primarily office properties adding approximately 100,000 square metres to the property fund’s existing portfolio of 490,000 square metres. “We are also pleased that more institutional investors are moving from direct to indirect property investments and thereby diversifying their portfolio,” says Tonny Nielsen, CEO for Aberdeen Asset Management Denmark A/S and head of investment management of the Nordic Region. On completion of the transaction, Aberdeen Property Fund Denmark P/S will have total assets of €855 million.