European fund manager Aberdeen has followed the final closing of its Aberdeen Real Estate Fund Finland with the purchase of a large office complex in Tampere, south Finland.

The fund, which had its final closing in December with total commitments of €200m (£148m), announced this morning the purchase of the 538,200 sq ft Hatanpaan Valtatie 30 office for an undisclosed sum in a sale and leaseback with Nokia Siemens Networks.

The value-added fund was launched in December 2006. It has three institutional investors: Ilmarinen Mutual Pension Insurance Company Finland, Dutch pension fund ABP and Danish ATP Real Estate. The targeted gross asset value of the fund is €600m (£446m).

Christoffer Sundberg, fund manager at Aberdeen Real Estate Fund Finland said: ‘(The office) in Tampere will further improve the current portfolio’s diversification and bring the Fund’s total gross asset value to approximately €500m (£372m).’