DEGI, part of Aberdeen Property Investors, was recently awarded CEE Retail Real Estate Award “Investor of the Year” for 2008.
The winner is voted by a panel of high profile property market experts and the prizes are awarded in association with “EuropaProperty”, the leading Eastern European property magazine. Redevco, Heitman and Atrium European Real Estate were amongst the other nominees.
Malcolm Morgan, DEGI Managing Director responsible for acquisitions commented: “We are delighted to accept this award, especially since it is voted for by industry players who are informed and hugely experienced on the sector. This award is testament to the investment decisions we have made and commitments from investors for DEGI funds following our diversification into Eastern Europe”
In 2008, DEGI invested approximately €700 million from ten transactions into commercial property throughout Eastern Europe.
DEGI currently manages real estate assets of over €1.3 billion in open-ended property funds. They comprise 18 properties with a lettable area of more than 350,000 square meters in Czechia, Poland, Romania and Croatia. DEGI is currently exploring the property markets in Russia and other parts of Eastern Europe for potential investment opportunities.
Background Information
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.
More information: www.degi.com
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 €114 billion of assets in equities, fixed income and property. Aberdeen Property Investors manages some €28 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, such as life insurers and pension funds. They are served by more than 700 professionals at offices in 11 European countries, as well as in Singapore and Hong Kong.
More information: www.aberdeenpropertyinvestors.com
Aberdeen Asset Management PLC is an international investment management group that primarily handles assets for leading national and company pension funds, central banks and other financial institutions at 24 facilities worldwide. Aberdeen employs a total of 1,900 people in around 21 different countries around the globe, and with its investment centres in London, Philadelphia and Singapore covers the most important markets in the world’s major time zones. The group’s most important lines of business are stocks, bonds and property. Aberdeen has been listed on the London Stock Exchange since 1991, and is a FTSE-250 company.
More information: www.aberdeen-asset.com
Legal note:
All statements made in this press release are subject to error and topicality. All particulars relating to the future, especially, are non-binding. DEGI assumes no liability whatsoever for the information given and statements made here.