Aberdeen to launch Russian property fund

Aberdeen will launch a Russian direct property fund for institutional investors later this year. ...

Aberdeen will launch a Russian direct property fund for institutional investors later this year. The fund will be a diversified product investing in commercial property. It will manage commercial real estate investments in Eastern Europe, with an initial focus on Russia. Ubbe Strihagen, international director at Aberdeen Property Investors, said the group had spent the last 12 months preparing for its expansion into Russia, and is now in the final stages of structuring its first Russian fund. “We expect to have the fund up and running during the third quarter of this year. Russia is a...