Scottish asset manager Aberdeen Standard Investments has expanded further its Asia Pacific real estate capability.
Aberdeen Standard Investments (ASI) has acquired Orion Partners, an Asia real estate investment management firm, according to a media release on Monday. The move bolsters ASI’s investment strength in Asia real estate and adds to its market-leading $56.3 billion (S$76,6 billion) global real estate franchise.
Orion Partners manages approximately $900 million of direct real estate investments in Asia for international institutional investors seeking access to the region’s growing markets. The transaction expands ASI’s global real estate capabilities and offerings with the addition of Orion Partners’ direct real estate team and established track record in Asia.
Highly Complementary
The acquisition is highly complementary, harnessing the combined investment skillsets of both firms across the entire real estate value chain, ASI wrote in a note.
It signals the firm’s ambition to develop and distribute a wider range of Asia Pacific products to meet rising global demand for «new active» investment solutions.
One-Stop Real Estate Solution
«For investors seeking diversification, Asian real estate offers attractive risk-adjusted returns, with less correlation to broader market volatility. And this is a good opportunity for us to build out our regional real estate presence. At a time when global investors’ allocation to alternatives and real assets are growing, being able to offer a truly one-stop real estate solution is an integral part of our growth strategy,» Hugh Young, ASI's Head of Asia Pacific commented.
The enlarged global business will house over 300 talented real estate professionals, managing over 1,600 properties worldwide from 20 local offices. The terms of the transaction are not disclosed.
