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| Aberdeen acquires €65m direct property portfolio from DIP Aberdeen Property Fund Denmark P/S acquired the commercial property portfolio from The Danish Pension Fund for Engineers (DIP). DIP will receive 40% of the acquisition price in shares in the Fund and will become a new important shareholder amongst the existing institutional and professional investors. The remaining 60% will be cash. The acquired portfolio comprises seven office properties adding approximately 40,000 square meters to the existing 440,000 square meters as well as DKK 487.5 million (EUR 65 million) of assets under management to the Fund. The acquired price reflects a net initial yield at 6.0%. write your comments about the article :: © 2009 Construction News :: home page |