Aberdeen Standard Investments Global Real Estate Fund passes £500m milestone
Aberdeen Standard Investments’ (ASI) Global Real Estate Fund (GREF) has exceeded £500 million Assets Under Management (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.
ASI’s global hybrid real estate strategy offers UK and Irish investors the opportunity to invest in a global mixture of direct and listed real estate assets. GREF is currently targeting a weighting of direct global real estate assets towards the upper level of the 50-80% mandate range. The Fund is highly diversified with investments spread over 17 countries across Europe, Asia Pacific North and South America.
James Britton, fund manager of ASI’s Global Real Estate Fund, said: “It is pleasing to achieve this landmark through a mixture of performance and new commitments to GREF. 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.”