Following the re-establishment of a UK property operation in June 2007, through the recruitment of a seven strong team, Aberdeen Property Investors has been appointed by GM Investment Trustees Ltd as manager for a part of its UK property pension investment assets.
The mandate is for the management of a portfolio of commercial properties valued at approximately £130m, located across the UK.
Commenting on the appointment Roger Annis, Asset Manager at Aberdeen said:
“We are delighted that GM IT has chosen to appoint Aberdeen as manager for this mandate. 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.”
For more information:
Roger Annis, Asset Manager, Aberdeen Property Investors UK
Tel: +44 (0)207463 6449
E-mail: roger.annis@aberdeenpropertyinvestors.com
Glenn Newson, Managing Director, Aberdeen Property Investors UK
Tel: +44 (0)207463 6551
E-mail: glenn.newson@aberdeenpropertyinvestors.com
Tom Siveyer/ Georgina Pepys, Maitland
Phone: +44 207 379 5151
About Aberdeen Property Investors
Aberdeen Property Investors is the specialised property division of Aberdeen Asset Management PLC, a global investment management group listed on the London Stock Exchange and managing over €130 billion of assets.
Aberdeen Property Investors manages more than €13 billion in property investments through property funds and management mandates on behalf of institutional clients. We currently have some 500 employees at offices in eleven European countries and in Singapore.
Our mission is to facilitate international investment exposure to property by offering a comprehensive range of investment products and services. All supported by a structured investment process and local active management. By end of August 2007, we had more than ten national and regional funds as well as fund of property funds products open for new investors.
Issued and approved by Aberdeen Asset Managers Limited, on behalf of Aberdeen Property Investors, authorised and regulated by the Financial Services Authority.