Aberdeen Property Investors is pleased to announce the recruitment of a seven-strong property investment management team from Credit Suisse Asset Management, led by Glenn Newson. Glenn will join Aberdeen as head of Property Asset Management in the UK.
The team will further strengthen Aberdeen’s existing UK property business. Their excellent track record will enable Aberdeen to enhance its service to segregated clients and assist in preparation for the planned launch of its first UK property fund. A UK offering is a natural progression for Aberdeen, building on its existing product range of European single-country, regional and sector funds. The Fund will be marketed to institutional investors both in the UK and overseas.
Rickard Backlund, Chief Executive Officer of Aberdeen Property Investors, said:
“We are delighted to have secured such an experienced and highly regarded team. The establishment of a UK fund will complement our existing product range and should attract interest from existing UK and overseas clients as well as institutional investors generally.” END
For more information, please contact:
Charlotte Barker / Tom Siveyer, Maitland Phone: +44 207 379 5151
Notes to Editors
Aberdeen Asset Management PLC is an international investment management group managing assets totalling £75.4 billion (as at 31 December 2006) for clients around the world. Since 1991, it has been listed on the London Stock Exchange. Its principal areas of activity are equity, fixed income, multi-asset, private equity and real estate.
Aberdeen Asset Management PLC’s specialist property division, Aberdeen Property Investors manages £6.5 billion (€10 billion, as at 31 December 2006) in property investments through property funds and management mandates on behalf of institutional clients around the world. Aberdeen Property Investors has some 500 employees at offices in ten European countries.
Cont. Aberdeen Property Investors has enjoyed tremendous success over the year as institutional investors look to increase their exposure to property and at the same time diversify away from holding domestic assets.
Recent fund raisings include:
November 2006 - Aberdeen European Balanced Property Fund raised €96 million at its first closing;
October 2006 - Aberdeen Property Fund SICAV Pan-Nordic, a diversified property fund focusing on the Nordic and Baltic Areas, raised €125 million at its initial closing;
October 2006 - AIPP Asia, a fund of property funds focusing on Asia raised over $90 million at first closing;
March 2006 - API IIM closed the €623 million Aberdeen Indirect Property Partners, a European property fund of funds.
Aberdeen was named the leading Property Investment Manager; Globally, in Western Europe and in the Nordic & Baltic regions in the Euromoney Awards 2006 for Excellence in Real Estate.
Issued and approved by Aberdeen Asset Managers Limited, on behalf of Aberdeen Property Investors, authorised and regulated by the Financial Services Authority.