DEGI invests 40 million euros for DEGI GERMAN BUSINESS

02 Jul 2008

The Andernach Shopping Word is prominently situated at the main arterial road of the centrally located Rhineland-Palatinate town. The retail centre comprises three separate buildings, constructed between 1998 and 2007. The three excel in terms of high flexibility among a total of 39 retail units and has been let to prestigious retail chains.

The Retail Park possesses a total renting space of around 24,700 m². Some 940 parking slots are provided on the approx. 67,000 m² site. The retail centre has been let in its entirety. The principal and anchor tenants are Kaufland, Lidl and Plus. Thanks to its city-centre location, a well-planned tenant mix and excellent transportation links, the Andernach Shopping World is very well frequented.

With this new acquisition, DEGI GERMAN BUSINESS has expanded its portfolio to 20 commercially utilised properties. The funding for the investment was raised immediately prior to purchase using a cash call from various institutional investors. Launched in 2006, the fund now owns a portfolio worth approximately 400 million euros.


Background information on DEGI

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 130 employees, manages a total of approximately 6.0 billion euros. DEGI’s current portfolio includes properties in 16 different countries. Since 27 March 2008, DEGI is part of Aberdeen Property Investors.

Aberdeen Property Investors, Aberdeen Property Investors is the specialist property division of Aberdeen Asset Management PLC, a global investment management group listed on the London Stock Exchange and managing some 130 billion euros of assets in equities, fixed income and property. With some 30 billion euros of property assets under management in Europe, Asia and North America through property funds, funds of funds and management mandates, Aberdeen Property Investors is a top ten property investment manager globally. Clients are primarily institutional investors such as life insurers and pension funds, served by more than 800 professionals at offices in eleven European countries and in Singapore, Hong Kong and Sydney.

Aberdeen Asset Management PLC is an international investment management group managing assets principally on behalf of leading national and corporate pension funds, central banks and other financial institutions from its 24 offices located around the world. Aberdeen employs 1,500 staff world-wide in some 20 countries, including investment centres in the three main time zones through London, Philadelphia and Singapore. The Group's areas of activity are principally equities, fixed income and property. Listed on the London Stock Exchange since 1991, Aberdeen is a FTSE-250 company.

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.