“This acquisition is consistent with AEROF’s strategy, which is to secure and develop well-located residential rental properties that are appropriately priced across Europe’s leading cities. These properties are seeing very strong demand/supply fundamentals with positive implications for long-term rents and capital values,” says Christian Schjødt-Eriksen, Fund Manager for the Aberdeen European Residental Opportunities Fund (“AEROF”) at Aberdeen Standard Investments.

“We are proud to have identified this acquisition together with Aberdeen Standard Investments. Transformatorverkstaden has a vibrant micro-location, an interesting industrial heritage and is very well suited to be redeveloped into micro-living loft apartments and co-working. Strong urbanisation trends in European cities drive smaller units and more communal areas, and micro living is set to become a significant part of the Alternatives Sector in Continental Europe, including the Nordic region,” says Jacob Cronstedt and Andrew Dawson, Founding Partners of Ailon Group.

The property was acquired from Skanska Sverige and Ikano Bostad.