- Aberdeen Asset Management
- UK Institutional
- Property
- Aberdeen UK Balanced Property Fund
Key facts
Price:
88.93p as at 31 March 2010
Legal structure:
Property Unit Trust
Domicile:
Guernsey
Term:
Open-ended
Investment universe:
United Kingdom
Risk profile:
Core
Target size (GAV):
GBP 200 million
Minimum commitment:
£1,000,000 (will be varied at Manager's discretion)
Target return: *
Outperform the IPD UK Quarterly Universe (net of fees) on a three year annualised rolling basis
Currency:
GBP
Maximum leverage:
10% (for working capital purposes only)
Liquidity:
Redemption requests accepted quarterly
Next closing:
Quarterly **
* There can be no guarantees that target returns will be achieved.
** Subscriptions may be accepted monthly at Manager’s discretion.
Aberdeen UK Balanced Property Fund
A core property unit trust investing in a diversified portfolio of commercial property across the UK.
Investment objective and strategy
The purpose of the Aberdeen UK Balanced Property Fund (“the Fund”) is to invest in a diversified portfolio of UK commercial property. The Fund will seek to provide long term capital value growth, supported by a strong income return, through strategic asset selection and active asset management. The Fund may also invest in other collective investment schemes, property companies, joint ventures and partnerships which invest in UK commercial property.
The Fund aims to outperform the IPD UK Quarterly Universe on an annualised three year basis (net of costs and fees) whilst providing a consistent income return.
The Fund is currently only invested in direct property, and the current investments comprise a diversified portfolio of properties with opportunities to add value. The strategy is to grow the Fund to the target size in order to provide further diversification and to enhance the balance between defensive assets and those with opportunities to add value.
Investment plan
Currently, the Fund is underweight in retail and overweight in the office and industrial sectors. The Fund has a relatively short average unexpired lease term. The investment programme will prioritise investing in good quality retail and industrial assets. Retail properties provide longer income streams than the other sectors and acquisitions in this sector will moderate the Fund’s underweight position. We expect the industrial sector and the London office sector to provide outperformance over the medium term and we will to acquire opportunistically in these sectors.
Investors
The Fund is tailored to meet the requirements of institutional investors.
Contact persons
Dominic Delaforce, Head of UK Pension Funds, +44 20 7463 6330
Zohra Nazar, Head of Consultant Relations, +44 20 7463 6405
E-mail addresses: firstname.lastname@aberdeen-asset.com