Aberdeen Standard property fund in Sweden move

Marc Pamin

Edinburgh-based investment giant Aberdeen Standard Investments has expanded its Pan European Residential Property Fund (ASPER) SICAV-RAIF with the purchase of a newly constructed residential portfolio in Sweden. 

This latest acquisition diversifies the fund’s portfolio to 27 assets in six countries and raises contracted deals in the fund to over €750 million.

The new properties, located in three of Stockholm’s most desirable municipalities — Lidingö, Täby and Sundbyberg — include 376 apartments with some additional commercial premises and parking spaces distributed over a total lettable area of approximately 24,200 sq.m. 

The ASPER fund focuses on cities with very strong demand and supply fundamentals throughout Western Europe and the Nordics and is managed by a team located across three European countries, led by Marc Pamin. 

Aberdeen Standard Investments is Europe’s second largest real estate investment manager, managing £44.5 billion of real estate assets across UK, Europe and Asia. 

It has a team of 270 real estate investment professionals based in 19 offices including London, Edinburgh, Frankfurt, Paris, Stockholm, Copenhagen, Amsterdam, Hong Kong, Singapore and Boston. 

Aberdeen Standard Investments employs more than 1,000 investment professionals and manages £519.4 billion of assets worldwide. 

Marc Pamin, Director Fund Management, Aberdeen Standard Investments said: “We are very pleased with this latest acquisition, further diversifying the fund’s portfolio to a total of 2,400 units and a total volume of €750 million. 

“All 27 assets the fund acquired over the last 15 months since inception in Q1 2018, are modern, high quality and have a strong focus on sustainability. 

“With the latest acquisition we underline our ambitions as we continue to build a well-diversified European residential portfolio with a sound and sustainable income stream for our investors.” 

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.