European sites for API

ABERDEEN Property Investors, through its Aberdeen European Balanced Property Fund, has acquired properties in France and The Netherlands for undisclosed sums.

The French acquisition is a 4,780sq m office building, let to multiple tenants, in

Levallois-Perret, north-west Paris. L’Etoile Properties acted as Aberdeen’s adviser, and the vendor was a fund managed by Lasalle Investments Partners.

The second acquisition is a retail property which is a part of a retail warehouse park in the west of Groningen. The total area of the property is 9,374sq m, with five retail units.