Aberdeen Asset Management is to expand its European property management business model into the Nordics. Therefore Aberdeen will select a single outsource provider of property management and property accounting services in the Nordics region (covering Denmark, Sweden, Norway and Finland).
Wednesday, the Group announced it is in negotiations to outsource property management, property accounting and property administration to CBRE.
These functions are currently performed in-house and Aberdeen believes that by moving to this new model it will be able to offer its clients and tenants a more efficient service. The management of portfolios, in terms of buying and selling of assets/sites and the leasing of properties will continue to be undertaken by Aberdeen.
Following the selection process it is Aberdeen’s intention to partner with CBRE for the provision of these services from April 2016. Aberdeen is committed to ensuring continuity of service and its intention is that Aberdeen staff working in the teams covered by this agreement will transfer to CBRE
“This mirrors our client centric approach towards property management and SPV accounting. We look forward to becoming an extension of Aberdeen’s team driving value through its property portfolio in the Nordics,” says Andy Hay, Managing Director, EMEA Asset Services at CBRE