UK - Aberdeen Asset Management is to open up its EUR200m Celogix property fund to UK pension funds and investors.
Currently, Celogix’s investor base mostly consists of Dutch pension funds.
The fund invests exclusively in logistic and distribution centres throughout continental Europe and has seen a 16.9% rise in net asset value since it was launched in September 2000.
Aberdeen Property Investors continental Europe chief executive Nico Tates said the fund would be a good way for UK investors to invest in Europe.
Tates expects the fund to be unaffected by the slowdown in European growth, due to the continued outsourcing of corporate logistics activities.
Aberdeen Asset Management is looking to increase the volume of funds invested to around the EUR400m-500m mark.
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