Press releases - 2009

Aberdeen Property Nordic Fund I SICAV - FIS, acquired a fully let office scheme in the Norwegian oil town of Stavanger for approximately €16 million.

Aberdeen Property Funds SICAV-FIS Pan-Nordic has completed a 5,500 m² lease agreement with the IT company, Tieto, regarding the property at Mattilanniemi 8, Jyväskylä, Finland.

AMSTERDAM - Aberdeen Property Investors The Netherlands has signed an asset and property management contract with Hamburg’s HSH Real Estate AG for a 29,000 sqm retail unit based at the Sijsjebergweg in Amsterdam. The unit, bought by LB Immo Invest GmbH from Borghese Real Estate, is leased to four tenants, Van Neerbos Bouwmarkten, Leen Bakker, Kwantum and Woonexpress.

Aberdeen Asset Management (Aberdeen) announces the new organisational structure of its Germany based companies. The goal of this reorganisation is to achieve synergies from the consolidation of its asset management business comprising equities, fixed income and property.

A few days ago, DEGI, part of Aberdeen Property Investors, signed a long-term lease extension agreement for a complete office property located in Lisbon with Portugal Telecom (PT Pro), the country’s largest telecommunications company. The property possesses a lettable area of 11,650 m², and has been part of DEGI INTERNATIONAL’s open-ended property fund’s portfolio since 2005.

Aberdeen Property Investors announces that one of its Pan-European funds, Aberdeen European Balanced Property Fund, has acquired two prime high street retail units in Paris, France.

DEGI, part of Aberdeen Property Investors, has taken possession of the building occupied by the Italian headquarters of Procter & Gamble, following completion of the construction work.

Aberdeen Asset Management PLC (“Aberdeen” or the “Company”) announces that it has completed the Final Closing of its acquisition of certain fund management assets and businesses of Credit Suisse (the “Target Business”). Aberdeen announced the acquisition of the Target Business on 31 December 2008, with First Closing in respect of the Asia Pacific Target Business announced on 1 May 2009 and Final Closing in respect of the Rest of the World Target Business announced today.

Denmark – 29 June 2009 - Aberdeen Property Fund Denmark P/S (the Fund) will acquire two fully let office properties in Copenhagen from The Doctors’ Pension Fund on 1 July 2009. The total area of the offices will be approximately 10,000 square metres.

DEGI, part of Aberdeen Property Investors, has extended a long-term lease contract for the largest property of the DEGI EUROPA openend property fund, in the shape of around 55,000 sqm of the Maanplein office building in The Hague being leased by KPN, the Netherlands’ main telecommunication company, till 2020. With this agreement three-quarters of the office complex is let on a long-term basis to an anchor tenant.

Aberdeen Property Investors has today relocated to new offices in Milan. The move underscores the Group’s commitment to the Italian real estate market.

Hyundai Swiss Tower in Seoul Sold for approx. €39 million
In late May 2009, DEGI, a member company of Aberdeen Property Investors, sold the Hyundai Swiss Tower in Seoul – an office property held in its DEGI INTERNATIONAL open-ended property fund – to a South Korean buyer for approximately €39 million Euros. Despite the difficult market environment, the negotiated sales price exceeded its current portfolio valuation.

Aberdeen Property Investors has signed an agreement with Gamla SEB Trygg Liv, part of Swedish SEB bank, regarding the property asset management of their property portfolio in Sweden. Aberdeen won the mandate in a competitive tender.

Aberdeen Property Investors Indirect Investment Management (API IIM), has strengthened its team following the completion of the integration process resulting from the acquisition of Goodman Property Investors.

Aberdeen Property Fund Denmark P/S (the Fund) is pleased to announce that despite 2008 being a challenging year for property the Fund has reached its financial goals and will distribute a cash dividend of 7.75% on a yearly basis based on nominal share capital equalling DKr 102 million (€13.7 million).

DEGI reveals 1.7 billion euros invested in property in 2008
- Lettings business strengthens fund earnings
- Conservative investment strategy pays off: Stable returns for DEGI’s funds despite the turbulent financial markets
- DEGI Market Report for Germany offers outlook for property and investment opportunities

DEGI, part of Aberdeen Property Investors, was recently awarded CEE Retail Real Estate Award “Investor of the Year” for 2008.

On 1 January 2009 Aberdeen Property Fund Denmark P/S (the Fund) acquired the commercial property portfolio from The Danish Pension Fund for Engineers (DIP). DIP will receive 40% of the acquisition price in shares in the Fund and will become a new important shareholder amongst the existing institutional and professional investors. The remaining 60% will be cash.

DEGI, part of Aberdeen Property Investors, has recently sold a retail property belonging to the portfolio of its DEGI EUROPA open-end property fund. The property is located at Am Brand in Mainz/Germany, and was sold to Aachener Grundvermögen Kapitalanlage GmbH seated in Cologne. Having acquired it as Quelle Haus in 1973, DEGI modernised the property thoroughly as a development between 2005 and 2007. The property is fully let, with tenants including Saturn, Zara, and Esprit.

Effective 30 January 2009 (from 07:00 am), DEGI, part of Aberdeen Property Investors, will end the suspension of redemptions for its DEGI INTERNATIONAL fund, which has been in effect since the end October 2008.