The Scottish-owned property and investment manager Aberdeen has sold, through the Danish fund Aberdeen Property Fund Denmark P/S, eleven commercial properties to ATP and Industriens Pension for DKK 513.5 million.

The properties, previously owned by TDC, are situated across Denmark. Nine of the eleven properties will continue to be leased to TDC on long-term contracts. The portfolio includes a total area of approx. 52,000 square metres and is primarily concentrated in the areas of Greater Copenhagen, Odense and major cities in Jutland.

Aberdeen Asset Management PLC is an asset manager, which has been listed on the London Stock Exchange since 1991. Aberdeen Property Fund Denmark P/S is run by Aberdeen Asset Management Denmark, which manages shares, bonds and properties on behalf of institutional investors and through distributors at a value of DKK 50 billion, of which the property portfolio in Denmark accounts for approx. 28%.

Bruun & Hjejle has acted as legal counsel to Aberdeen.