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Aberdeen acquires more Danish properties for contribution fund
Aberdeen Property Fund Denmark, has acquired assets from a Danish pension fund in a partial contribution swap in which the seller enters as an investor in the fund and effectively exchanges direct ownership of the assets for indirect.Two fully-let office properties in Copenhagen, totalling 10,000 sq.m. in floor space, were acquired from the Danish Doctors' Pension Fund, which receives half of the acquisition price, or around e17.8m, as shares in the Aberdeen vehicle. The group in January acquired seven properties from the Danish Pension Fund for Engineers based on a similar contribution model. (Full story in PIE 128 published on Monday 6 July)