Marc Pamin

This latest acquisition diversifies the Fund’s portfolio to 27 assets in six countries and raising contracted deals in the fund to over €750 million.

The properties, located in three of Stockholm’s most desirable municipalities - Lidingö, Täby and Sundbyberg - include 376 apartments with some additional commercial premises and parking spaces distributed over a total lettable area of approximately 24,200 sq.m.

Constructed by JM, one of the leading developers of housing and residential areas in Scandinavia, the properties completed in 2016 and 2019, with one forward purchase expected to be completed in 2021.

Marc Pamin, director in fund management at Aberdeen Standard Investments, said: “We are very pleased with this latest acquisition, further diversifying the Fund’s portfolio to a total of 2,400 units and a total volume of €750 million. All 27 assets the Fund acquired over the last 15 months since inception in Q1 2018, are modern, high quality and have a strong focus on sustainability.

“With the latest acquisition we underline our ambitions as we continue to build a well-diversified European residential portfolio with a sound and sustainable income stream for our investors.”

ASPER focuses on cities with very strong demand and supply fundamentals throughout Western Europe and the Nordics and is managed by a team located across three European countries, led by Mr Pamin.