Aberdeen Standard Investments (ASI) has reported that its real estate transaction with Denmark-based DEAS Group announced in November last year has closed.
The transaction means that DEAS Group will take over the management of a portfolio of 131 properties consisting of office, warehouse/logistics, retail, and residential buildings valued at €2.5bn. In addition, DEAS Asset Management has been appointed the manager of a portfolio of Nordic assets totalling €1.8bn on behalf of ASI. ASI Nordic direct real estate business to be acquired by DEAS Group ASI chief executive Stephen Bird said: "Through partnering with DEAS Group, we are able to deliver a long-term solution for both our real estate business and also our clients." ASI announc...
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