SL Euro property fund continues warehouse drive

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STANDARD Life Investments' European Property Growth fund (EPGF) has acquired three Swedish retail warehouses.

Following the inaugural Swedish purchases of twelve retail warehouse units in June, the latest acquisitions are located in Kungens Kurva, widely regarded as the best out of town retail warehouse site in Sweden. The park includes 50 large retail warehouses, with a total retail sales space of 250,000sqm. The three properties, purchased from property company, the Proark Group, have a total of 8,807sqm net lettable retail space and count leading fashion, electronic and home furnishing national retailers as tenants. The manager of the European Property Growth fund, Will Fulton, commente...

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