Major Swap Between Entra and Aberdeen

Norway Norway — Entra and Aberdeen have entered into a property swap transaction where Entra will buy the property St. Olavs plass 5 in Oslo for MNOK 850 (EUR 87M) and sell the properties Tollbugata 1, Pilestredet 19-21 and Pilestredet 28 to Aberdeen for NOK 1.1 billion (EUR 113M).

Aberdeen on New Investment Strategy and Nordic Focus

Nordic — Aberdeen Standard Investments sells in Linköping to free up capital for new investments. Patrik Westerberg, Senior Transactions Manager at Aberdeen, tells Nordic Property News of the investment strategy and where in the Nordics they are looking.

Aberdeen Sells in Linköping

Sweden Sweden — Aberdeen Standard Investments’ Pan-Nordic core fund "Aberdeen Property Nordic Fund 1 SICAV-FIS" sells the property Apoteket 9 in Linköping to Vasaparken Fastighets AB.

Antilooppi Acquires Helsinki Office Property

Finland Finland — Antilooppi has acquired an office property at Elimäenkatu 17–19 from Aberdeen Standard Investments for EUR 15.15 million. The area of the property is approximately 10,000 sqm and it has nearly 300 parking spaces.

Aberdeen Sells to German Fund for EUR 76M

Denmark Denmark — The Købmagergade 45-47 property has been sold by Aberdeen Standard to German Aachener Fundamental. The divestment is a result of the cooperation between Nybolig Erhverv Köpenhamn and Savills.

ELF's CEO on Aberdeen Sale and the Growing Interest for Secondary Danish Cities

Denmark Denmark — ELF Development CEO Ludvig Find on the Aalborg sale, coming projects and the appeal of secondary Danish cities.

Skanska Divests for EUR 225M

Nordic — Skanska divests two properties in Stockholm and one in Oslo to Vasakronan, Aberdeen and Entra for a total of EUR 225M.

Aberdeen Acquires in Lysaker

Norway Norway — Aberdeen has acquired Vollsveien 2A and 2B in Lysaker from Oslo Areal.

The Largest Retail Transactions in Sweden

Sweden Sweden — List of the five largest transactions with retail properties in Sweden from October 2015 to September 2016.

Tristan Fund Buys Swedish Retail Portfolio

Sweden Sweden — The EPI Special Opportunities 4 opportunity fund, advised by pan-European real estate investment manager Tristan Capital Partners, has acquired four local shopping centres in the Greater Stockholm region and a retail park in northern Sweden for a total of around MSEK 900 (€94 million) from a fund managed by Aberdeen Asset Management.

Balder and AP3 Acquires from Aberdeen

Sweden Sweden — Balder and the Third Swedish National Pension Fund´s joint venture purchases a portfolio with 21 apartment properties from Aberdeen.

Aberdeen Purchases Retail Property on Mortensrud

Norway Norway — Aberden has on behalf of the Nordic property fund AP Nordic Investment purchased Mortensrud Square in Oslo. The seller is Mortensrud Eiendom AS and NG Eiendom Øst AS.

Aberdeen Explores Opportunity to Divest Prime Residential Portfolio in Sweden

Sweden Sweden — Aberdeen Asset Management will explore the opportunity to divest Aberdeen Residential Sweden AB’s property portfolio. “We have established a prime residential portfolio with high quality assets and we have reached the planned size of the portfolio. The fund’s newly constructed assets are completed and we have improved the NOI in the portfolio.” explains the Fund Manager Fredrik Eliasson.

CBRE Appointed by Aberdeen to Manage Nordic portfolio

Nordic — CBRE has been appointed by Aberdeen Asset Management, the global asset management group, to manage a real estate portfolio of 290 assets in the Nordic region.

Ten Years of Aberdeen Funds in Finland

Finland Finland — Ten years have elapsed since the first real estate funds were established in Finland. Aberdeen Asset Management pioneered the real estate fund business and established Finland’s first open real estate fund, Aberdeen Property Fund Finland I Ky (APFF), at the end of 2005.

Aberdeen Purchases Retail Property in Drammen

Norway Norway — Aberdeen has on behalf of the Norwegian real estate fund Aberdeen Eiendomsfond Norge I purchased a retail property located on Strømsø in Drammen.

Regio Purchases 38,000 sqm

Sweden Sweden — Regio, founded by Sveafastigheter and AP3 during 2015, purchases a portfolio of 38,000 sqm retail and office properties in Uppsala and Södertälje. The seller is Aberdeen Fastighetsfond Sverige.

Aberdeen in talks with CBRE to outsource Nordic property management function

Nordic — Aberdeen Asset Management is to roll out its UK and Continental European property management business model into the Nordics. Aberdeen is in negotiations to outsource property management, property accounting and property administration to CBRE.

Aberdeen Purchases High Street Property In Copenhagen

Denmark Denmark — Aberdeen acquires the high street property at Frederiksberggade 17 in Copenhagen for €6,4M (DKK 48M).

Aberdeen Purchases Georg Jensen´s Head Quarters

Denmark Denmark — Aberdeen Purchases Georg Jensen’s 12,000 sqm Head Quarters in Copenhagen for MDKK 285 (€38M)

NCC to Divest Logistics Project in Brunna

Sweden Sweden — NCC is to divest the Hälsobrunnen logistics project in Brunna Logistics Park for SEK 127 million (€13.5 M). The buyer is Aberdeen Asset Management.

Fennica Properties Acquires in Lahti

Finland Finland — Fennica Properties I fund, managed by Fennia Asset Management, has acquired a 7,300 sqm office property in Lahti city centre.

KLP Purchases from Aberdeen in Norway

Norway Norway — KLP Eiendom purchases the seven remaining properties in Aberdeen Eiendomsfond Norge II. The property value amounts to MNOK 3,626 (€413M).

Aberdeen Acquires Retail Property in Norway for New Fund

Norway Norway — Aberdeen Asset Management has acquired the retail property Ingeniør Rydbergs Gate 114 in Drammen, Norway on behalf of AP Nordic Investment. The building has a lettable area of 7,670 sqm and is fully let with furniture retailer Bohus as main tenant.

YIT Sells the Lauttasaari Shopping Centre in Helsinki

Finland Finland — YIT sells the Lauttasaari shopping centre, Lauttis, in Helsinki to Aberdeen European Balanced Property Fund. The total value of the agreement is over €40M.