The Dutch arm of Aberdeen Property Investors has signed an asset and property management contract with Hamburg's HSH Real Estate for a 29,000 m[sup]2[/sup] retail unit in Amsterdam. The unit at Sijsjebergweg in the Dutch capital was bought by LB Immo Invest from Borghese Real Estate and is leased to four tenants.
The Dutch arm of Aberdeen Property Investors has signed an asset and property management contract with Hamburg's HSH Real Estate for a 29,000 m2 retail unit in Amsterdam. The unit at Sijsjebergweg in the Dutch capital was bought by LB Immo Invest from Borghese Real Estate and is leased to four tenants.
Bob Reidsma, CEO of Aberdeen Property Investors The Netherlands commented: 'We are very pleased with the new contract with LB Immo Invest and their parent company HSH Real Estate. This assignment increases our third party client basis to six investors exclusive to the Aberdeen Group. Our total portfolio of assets under management, servicing eight clients, is now close to EUR 900 mln.'
