Aberdeen Property Funds Pan-Nordic has agreed the purchase of a E140m (£96m) office-led portfolio in Sweden.

The portfolio, which also includes some retail and residential properties in Gothenburg, totals more than 1m sq ft. The purchase means Aberdeen’s Nordic fund holds more than 20 properties across Sweden, Norway and Denmark.

Trygve Sletteberg, fund manager at Aberdeen Property Funds Pan-Nordic said: ‘Our forecasts indicate that the Swedish and Nordic property markets will remain buoyant vis-à-vis the rest of Europe in the immediate future.'

‘Pan-Nordic has invested more than €770m (£530m) in the Nordic property market since closing on the 31 October 2006. The fund’s aim is to reach a target investment size of minimum €1.5bn (£1bn) in the region within a two year period.’