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Aberdeen Asset Management sells its UK and Continental European property investment management business to Arlington

26 May 2004
Aberdeen Asset Management PLC (”AAM”) announced on 5 April 2004 that it had conditionally agreed to sell its UK and Continental European property investment management businesses to Arlington Securities Limited (”the Disposal”). AAM is retaining its Nordic property investment management business (”Aberdeen Property Investors Nordic”). The Disposal was completed 25 May 2004.
Aberdeen Property Investors Nordic (former Celexa) was founded 1998, and has grown rapidly over these six years. Today Aberdeen Property Investors has approximately Eur 5.5 Billion assets under management or advice. Aberdeen Property Investors has established a new office in The Netherlands under the management of Nico Tates. A new office in the UK is also under development. Aberdeen Property Investors will continue to grow its business areas both in the Nordic and the European markets.


For further information, please contact:
Rickard Backlund
Aberdeen Property Investors Nordic
Tel: +46 8 412 80 60

Nico Tates 
Aberdeen Property Investors Europe 
Tel: + 31 20 5 777 605
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