“We believe that the current investment market represents a good timing to sell. A fund typically has a defined end term and in this fund we will exit earlier than originally planned but also at a higher return than initially targeted”, Eliasson adds.

The portfolio comprises 20 properties with about 70,000 sqm, 1,200 apartments and MSEK 110 in rental value in the two strongest growth regions in Sweden - Stockholm and the Öresundsregion.

“Aberdeen Asset Management will continue to invest in the Nordic residential market on behalf of both existing and new investment vehicles", informs Magnus Kenning, Head of Transactions Sweden.

Leimdörfer is engaged as sole financial adviser in this transaction.