Aberdeen has acquired property fund asset management company, Rreef UK, from RoProperty Holdings i...
Aberdeen has acquired property fund asset management company, Rreef UK, from RoProperty Holdings in a deal worth £7.3m. The acquisition of Rreef, which specialises in property funds, principally in the segregated pensions arena, will increase Aberdeen's assets under management from £42bn to £54bn. As well as a cash consideration of £5.8m and a further £1.5m to cover the value of net assets, Aberdeen will also pay RoProperty monies equivalent to the performance related fees received by Rreef until the deal is completed. This is expected to be in May, pending the receipt of the requi...
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