Abrdn’s open-ended European fund raised a further €100 million during the final quarter of 2023, after receiving capital commitments from new and existing European institutional investors.
The manager said the Abrdn Pan European Residential Fund (aPER), which secured the capital through three separate commitments, now has €1.7 billion in gross asset value (GAV), with a plan to more than double the size of the fund to €4 billion GAV in the medium term.
The aPER fund’s portfolio currently includes 49 assets, in 30 cities across 10 countries which are expected to be all income-producing in the third quarter of this year, the manager said.
Abrdn said it has also appointed Lisa Pfisterer to join the team as an additional deputy fund manager.
Source: realassets.ipe.com on the 23rd of January
https://realassets.ipe.com/news/abrdns-open-ended-european-residential-fund-raises-additional-100m/10071146.article