DEAS takes over the management of Aberdeen’s Nordic property portfolio

Plesner assists Deas Asset Management A/S in connection with the negotiation and conclusion of asset management agreements concerning Aberdeen Standard Investments’ total property portfolio in Sweden, Norway, Finland and Denmark

On 31 May 2021, Aberdeen Standard Investments finally transferred its Nordic asset management business within real estate in Sweden, Norway, Finland and Denmark to the DEAS Group. The transfer, which involves taking over the management of a real property portfolio totalling approximately DKK 18.5bn, was announced in November 2020 but has so far been subject to a number of agreements and approvals etc.

In connection with the acquisition of the asset management business from Aberdeen Standard Investments, DEAS Asset Management A/S, an independent subsidiary within the DEAS Group, was additionally chosen to manage a portfolio of Nordic assets valued at approximately DKK 13.5bn on behalf of Aberdeen Standard Investments’ European and global funds.

Accordingly, DEAS takes over the management of Nordic properties totalling approximately DKK 32bn.

With the acquisition of the Nordic asset management business and the management of the Nordic assets, the DEAS Group enters the Nordic markets with strong and experienced local asset management teams in Sweden, Norway, Finland and Denmark.

Plesner’s Asset Management team, headed by Partner Benjamin Bunnage, assisted DEAS Asset Management A/S and the Nordic branches negotiating and concluding a number of Asset Management Advisory Agreements, which has been a condition for the completion of the transaction.

Read the press release from DEAS

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