Aberdeen Property Investors expands presence in Italy

Aberdeen Property Investors has relocated to new offices in Milan. The move underscores the Group’s commitment to the Italian real estate market, the company said in a press release.

Vittorio Annoni, 54, who joined Aberdeen Property Investors’ German property manager, Degi, in September 2008, will be responsible for asset management in the new office. Vittorio has more than 20 years in the international property business. In due course, Aberdeen Property Investors’ parent, Aberdeen Asset Management, intends to add resource to service its Italian client base.

'We manage property assets worth more than EUR 860 mln for our funds in Italy,' said Bärbel Schomberg, CEO of Degi and Head of Continental
Europe at Aberdeen Property Investors. 'This was one of the reasons to build our commitment and to expand our existing branch in
Milan substantially,' she added.