Aberdeen Property Investors, one of Europe’s leading property investment managers with over EUR 8 billion in property investments across Europe, is establishing a presence in France in line with its European growth strategy. Aberdeen has appointed Mr Jacques Yves Nicol as Managing Director of its new French business.
Mr Jacques-Yves Nicol will start in his position as Managing Director on 18 April 2006. Mr Nicol was previously Managing Director, France, at Tishman Speyer where he headed up their real estate business. Mr Nicol has had a long career in the international finance and banking industry with senior positions held at AIG, AXA, Bouygues and Bank of America.
Ubbe Strihagen, International Director of Aberdeen Property Investors, commented:
“France is a key market given its size as one of Europe’s largest markets. There is also growing interest from investors in Europe looking for cross border property investments. I see Aberdeen’s move into France as an important step in our ambition to be the leading property asset management company in Europe.”
Rickard Backlund, CEO of Aberdeen Property Investors, commented:
“Jacques-Yves will head our operation in the French market. We believe the French property market has strong investment and business potential which requires prominent local management. We also believe in increased international diversification and cross-border investments both for French and international investors”.
Jacques-Yves Nicol, Managing Director, Aberdeen Property Investors France, commented:
“We will seek investment opportunities in the French market for our funds and international investors. We will also aim to build relationships with major French institutional investors for cross-border investments through real estate funds as part of Aberdeen’s European expansion strategy”.
“Aberdeen will look to play a major role in the development of the property asset management industry in France by increasing the number of funds available and through the future OPCI developments.”
“Such developments will provide a better base for the expansion of our international property funds. We see property funds becoming an even more important part of the portfolio of institutional investors.”
For more information, please contact:
Ubbe Strihagen, International Director
Phone: +46 70 520 33 80
E-Mail: ubbe.strihagen@aberdeenpropertyinvestors.com
Jacques-Yves Nicol, Managing Director France
Phone: + 33 6 11 74 57 05
Charlotte Barker / Tom Siveyer
Maitland
Tel: +44 207 379 5151
Aberdeen Property Investors in brief
Aberdeen Asset Management PLC (Aberdeen) is an international investment management group listed on the London Stock Exchange with asset management activities in bonds, equities and property. The specialized subsidiary Aberdeen Property Investors manages over EUR 8 billion in property investments through property funds and management mandates.
Aberdeen Property Investors has some 500 employees at our offices in Belgium, Denmark, Finland, Germany, Luxembourg, the Netherlands, Norway, Sweden and the United Kingdom. Clients are primarily institutional investors such as life and pension funds.
Issued and approved by Aberdeen Asset Managers Limited, on behalf of Aberdeen Property Investors, authorised and regulated by the Financial Services Authority.