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Aberdeen Property Investors has attracted €45m for the first closing of its new Finnish property fund. The investment has come from institutions such as the Local Government Pensions Suomi Mutual Life Assurance, the Seamen’s Pension fund and the Local Insurance Group.
Aberdeen Property Fund Finland is structured as a semi open-ended fund and the manager claims it will benefit from the local expertise of Aberdeen’s Finnish property team.
The objective is to build a balanced and diversified core-plus portfolio of real estate across all the main sectors.
The fund is targeting total returns of 10% and aims to provide both stable income and potential for capital growth. With a maximum leverage of 50%, the fund is ready to make property investments of up to e90m.
The target fund size is e150-200m. Pertti Vanhanen, managing director of Aberdeen Finland, said: “We’re extremely pleased with the launch. The strategy of the fund has been widely accepted among investors and the fund benefits from Aberdeen’s strong presence in regional cities.”

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    Asset region: Emerging Markets.
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    Closing date: 2019-07-30.

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    Asset region: Emerging Markets.
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    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

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