Aberdeen Property Investors expands presence in Italy

10 Jun 2009
Aberdeen Property Investors has today relocated to new offices in Milan. The move underscores the Group’s commitment to the Italian real estate market.

Vittorio Annoni, 54, who joined Aberdeen Property Investors’ German property manager, DEGI, in September 2008, will be responsible for asset management in the new office. Vittorio has more than 20 years in the international property business. In due course, Aberdeen Property Investors’ parent, Aberdeen Asset Management, intends to add resource to service its Italian client base.

“We manage property assets worth more than €860 million for our funds in Italy. This was one of the reasons to build our commitment and to expand our existing branch in Milan substantially," explained Bärbel Schomberg, CEO of DEGI and Head of Continental Europe at Aberdeen Property Investors.

For more information, please contact:

Bärbel Schomberg, CEO of DEGI, Head of Continental Europe at Aberdeen Property Investors.
Phone: +49 69 768072 214
E-mail: baerbel.schomberg@degi.com

Rickard Backlund, CEO Aberdeen Property Investors
Phone: +46 8 788 60 41
E-mail: rickard.backlund@aberdeenpropertyinvestors.com

Tom Eckersley
Maitland
Phone: +44 (0)207 379 5151

Background Information

Aberdeen Property Investors is the dedicated property investment division of Aberdeen Asset Management PLC, a global investment management group listed on the London Stock Exchange, which manages around €104 billion* of assets in equities, fixed income and property. Aberdeen Property Investors manages some €25 billion* of property assets in Europe, Asia and North America through property funds and separate account mandates, making it one of the top 10 global property investment managers. Clients are solely third party clients and primarily institutional investors. They are served by some 650 people at offices in 13 European countries, and in Singapore.   * 31 March 2009

For more information: www.aberdeenpropertyinvestors.com

DEGI Deutsche Gesellschaft für Immobilienfonds mbH ranks among the biggest property fund companies in Germany and ever since its foundation in 1972 has been specialising in the management of property assets. Its product portfolio currently comprises two open-ended property funds for private investors, two open-ended property funds for institutional investors, one special property fund, plus two individual mandates. The company, with around 135 employees, manages a total of approximately 6 billion euros. DEGI’s current portfolio includes properties in 17 different countries. Since 27 March 2008, DEGI is part of Aberdeen Property Investors.

For more information: www.degi.com

Aberdeen Asset Management PLC (Aberdeen) is an international investment management group managing assets totalling £96.3 billion (US$138 billion, €103.9 billion) as at 31 March 2009 for clients around the world. Since 1991, Aberdeen has been listed on the London Stock Exchange. TheGroup’s principal areas of activity are equity, fixed income and property.

For more information: www.aberdeen-asset.com

 

ABERDEEN PROPERTY INVESTORS. BOX 3348. SE-103 67 STOCKHOLM. SWEDEN. VISITING ADDRESS: SVEAVÄGEN 20. TELEPHONE:+46 (0)8 412 80 00 POST@ABERDEENPROPERTYINVESTORS.COM PART OF ABERDEEN ASSET MANAGEMENT PLC