Aberdeen property fund acquires Belgian shopping park

Aberdeen’s property fund has added a newly built 30,880 square metre retail park in Olen, Belgium to its portfolio.

Gert-Jan Kapiteyn, Fund Manager of the Aberdeen European Balanced Property Fund, said: “We are very pleased with this transaction because of the high quality of the property, the tenant mix and the location.

“This acquisition fits very well with the strategy of the Fund to expand the allocation into Belgian retail property. The acquired retail park offers a unique combination of scale, amenities, a solid tenant mix and strong covenants.

“The prospects of this transaction for long-term income growth and capital growth are very attractive. The Fund remains open to similar investment opportunities, particularly in Germany and France concerning retail, office and industrial/logistics property.”

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