Flying Past The Half-Million Mark

Aberdeen Standard Investments’ (ASI) Global Real Estate Fund (GREF) has exceeded £500 million AUM. The fund passed the significant landmark as at December 2019 after winning sizable commitments throughout the year from a number of new investors. The additional capital has been invested into direct asset acquisitions in the Australian Industrial and German Hotel sub-sectors with a further asset in the Asia Pacific region currently under offer.

James Britton, Fund Manager of ASI’s Global Real Estate Fund, comments: “The recent acquisitions in Australia and Germany complement the Fund’s existing holdings by diversifying geographic exposure and increasing the Fund’s average lease length. The last five purchases that the Fund has made have been in the industrial or long dated income sectors, both areas that we expect to perform well for the foreseeable future.”

The Fund is highly diversified with investments spread over 17 countries across Europe, Asia Pacific North and South America.