Aberdeen köper fastighetsportfölj på 90 miljoner euro från danska Pensionsfonden TDC

Det är Aberdeens danska fastighetsfond som förvärvar en fastighetportfölj med ett värde på 90 miljoner euro från TDC. Säljaren erhåller 50% av förvärvspriset i aktier i fonden och blir en av de största aktieägarna bland fondens institutionella investerare.

Portföljen omfattar 22 fastigheter, i huvudsak kontor, om totalt 104,000 kvm.

Pressmeddelande på engelska nedan.

För ytterligare information vänligen kontakta

Tonny Nielsen, CEO, Aberdeen Asset Management Denmark A/S
Tel: +45 33 44 40 00, e-mail: tonny.nielsen@aberdeen-asset.com 

Lena Ellertsson, Marketing and Communications Manager, Nordic region
Tel: +46 8 412 73 23, e-mail: lena.ellertsson@aberdeen-asset.com

Aberdeen wins €90 million direct property portfolio from Danish TDC Pension Fund
Frederiksberg, 4 July 2011

On 1 July 2011, Aberdeen Property Fund Denmark P/S (the Fund) acquired a €90 million commercial property portfolio from the TDC Pension Fund.

TDC Pension Fund received 50% of the acquisition price in shares in the Fund and will become the largest shareholder amongst the existing institutional and professional investors. The remaining 50% will be received in cash.

Tonny Nielsen, CEO for Aberdeen Asset Management Denmark A/S and Head of Investment Management, Nordic region comments:
“Not only are we pleased to welcome TDC Pension Fund as a major shareholder to the Fund, but even more satisfied with the return potential of the fund for all investors.”

The acquired portfolio comprises 22 mainly office properties adding approximately 104,000 square meters to the existing 490,000 square meters representing DKr. 665 million (€90 million) of assets under management to the Fund. The acquired price reflects an expected long-term net direct yield of 7.4%.

Tonny Nielsen comments further: “We are also pleased that more institutional investors are moving from direct to indirect property investments and thereby diversify their portfolio. Active management is what Aberdeen is all about. Regardless of difficult market conditions, our track record shows that the professional investor can create excess returns by divesting properties to the right property managers.”

The majority of rental income is on long-term contracts and stems from the tenant TDC and so the Fund carries an even lower tenant risk. TDC is the leading communication solutions provider inDenmarkand listed on the Copenhagen Stock Exchange.

Leif Stidsen, CEO of TDC Pension Fund also comments, ”Being a shareholder in the property fund instead of a direct owner of a property portfolio makes strategic sense to TDC Pension Fund. This is because we get higher potential returns through Aberdeen’s active management while also gaining exposure to a more diversified property portfolio.”

Upon completion the Aberdeen Property Fund Denmark P/S will have total assets of €855 million.

For further information, please contact:

Tonny Nielsen, CEO,AberdeenAsset ManagementDenmarkA/S
Tel: +45 33 44 40 00, e-mail: tonny.nielsen@aberdeen-asset.com 

Leif Stidsen, CEO, TDC Pension Fund
Tel: +45 66 69 47 00, e-mail: les@tdc.dk 

Tom Eckersley, Maitland
Tel: +44 207 379 5151, e-mail: teckersley@maitland.co.uk 

AberdeenProperty Fund Denmark P/S
Aberdeen Property Fund Denmark P/S invests in commercial properties in Denmark with a focus on office properties in the Greater Copenhagen area. The current property portfolio comprises 71 properties with commercial tenancy with a total book value of approximately DKr. 6.4 bn (€855 million). The group of shareholders comprises 45 investors. Aberdeen Asset Management manages the Fund, and the Fund is open for capital at the beginning of each calendar quarter.

AberdeenAsset Management Denmark A/S
Aberdeen is the leading property investment manager in Denmark currently managing some DKr. 12.1 bn (€1.6 bn) of direct property for our institutional clients through separate accounts and collective funds. In Aberdeen, active management of property is our core competency. Our value chain includes investment, development, letting administration and active management in close cooperation optimising the yield potential in the properties in our funds. More information: www.aberdeen-asset.dk

About Aberdeen Asset Management
Aberdeen Asset Management is an independent asset management group, which has been listed on the London Stock Exchange since 1991. The Company was originally founded in Aberdeen, Scotland, in 1983. The Group has 30 offices in 23 countries and over 1,800 staff located around the world. Aberdeen invests worldwide on behalf of clients globally across its major asset classes - equities, fixed income and property as well as alternative investment strategies. Today the Company has assets under management of €205 billion.

In property alone, Aberdeen manages some €24 billion of assets in Europe, Asia and North America through property funds and separate account mandates. Clients are solely third party clients and primarily institutional investors. They are served by some 350 property professionals at offices in 12 European countries, as well as in Singapore and Philadelphia. We provide domestic and international investment exposure to property by offering a wide range of investment products and services. These are all supported by rigorous investment processes, independent in-house research and local active management. www.aberdeen-asset.com

The TDC Pension Fund
The TDC Pension Fund is for employees in the TDC group and had by end of 2010 approx. 10,300 members. The pension fund is closed for new members. At the end of 2010 assets under management totalled DKr. 30 billion (€4 bn). www.tdcpensionskasse.dk