Aberdeen Standard Investments (ASI) has chosen Denmark-based DEAS Group as the preferred bidder to acquire its Nordic direct real estate business and said it intends to appoint DEAS Asset Management to manage its €1.7bn portfolio of Nordic assets.
Upon completion of the proposed transaction, DEAS Group will be taking over management of a portfolio of 132 properties, including office, warehouse/logistics, retail and residential buildings, with a value of €2.3bn in assets under management. ASI said that following the deal, it will continue to have exposure to the region across its pan-European and sector-specific real estate funds and that it intends to appoint DEAS Asset Management to manage its portfolio of Nordic assets, bringing total assets under the proposed deal managed by DEAS Asset Management to €4bn. ASI teams up with H...
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