Aberdeen Property Investors has been appointed by GM Investment Trustees to manage a portfolio of UK commercial properties valued at EUR 187 mln. This is the first UK property mandate awarded to Aberdeen following the re-establishment of its UK property operation with a seven-person team in June 2007.
Aberdeen Property Investors has been appointed by GM Investment Trustees to manage a portfolio of UK commercial properties valued at EUR 187 mln. This is the first UK property mandate awarded to Aberdeen following the re-establishment of its UK property operation with a seven-person team in June 2007.
Roger Annis, asset manager at Aberdeen said: 'At a point in the property cycle where performance will be derived from income rather than yield improvement, our active asset management skills are ideally suited to achieving out-performance from this type of portfolio.'
Glenn Newson, managing director of the UK operation added: 'I feel very confident about the prospects for Aberdeen's UK property operations. We have a strong team on the ground here with specialist expertise. In addition we have the backing of 500 property professionals throughout Europe that can offer UK property investors a range of services from property management to property funds.'
On Monday, Pirelli Real Estate announced it was teaming up with HSH Nordbank, one of Germany's top real estate banks, in its bid to dominate the country's asset management activities. Click on the link below for more details.
