Aberdeen Property Fund Finland I Ky has acquired 16 properties mostly in Southern Finland.
The Fund, launched by Aberdeen Property Investors Finland Oy in September 2005, had its first closing last December when it raised €46m (£32m), mainly from Finnish institutions.
The retail and logistics properties, mostly fully leased with long lease agreements, have a combined area of about 452,000 sq ft.
Pertti Vanhanen, CEO of Aberdeen Property Investors Finland Oy said: “This is a good start for the Fund.
“The Fund has been well received as a new active operator in the market and we believe that there is the opportunity to purchase further suitable properties in the future.”
Markku Aho, Director of Aberdeen Property Investors Finland added: “The fund has already had commitments from a number of new investors, including a growing number from outside Finland, showing there is healthy demand for Finnish property from institutional investors.”
References: EGi News 04/04/06
