A pan-European Aberdeen Property Investors fund has bought a 47,000 sq ft shopping centre in the capital of Belgium.
The Aberdeen European Balanced Property Fund has bought the shares of Zilverpand – the vehicle which owns the Zilverpand shopping centre, from investment company Vastgoed-beleggingsmaatschappij.
It is the second retail investment by the fund, which is active in the Benelux area, and has a portfolio under management of £120m.
Fund manager Nico Tates said the fund would be pursuing further investments in the region.
The shopping centre consists of 25 stores which are fully let to tenants like Essenze, Timberland and Tommy Hilfiger.
The investment follows the purchase of a 211,000 sq ft office in Bleiswijk, Holland, in October.