Aberdeen Property Investors Finnish with €45m

A new Finnish property Fund launched by Aberdeen Property Investors has raised €45m.

The Aberdeen Property Fund Finland, which is structured as an open-ended fund, aims to build a balanced and well-diversified core-plus portfolio across all sectors.

The fund is targeting returns of 10%. With maximum leverage of 50%, the fund is ready for new property investments of up to €90m, with a final target size of €150m0€200m.

French Government to continue offloading property

The French Budget Minister Jean-Francois Cope has announced that the government will sell at least €480m worth of state-owned property assets this year, in an attempt to cut France's debt burden.

In 2005, the French government raised €630m from property sales made "in the best financial conditions," says Cope.