Aberdeen Asset Management has sold the Business Centre Archangelkade, located at Archangelkade 1 - 47, in Amsterdam for a Swedish Pension Fund client. The buyer is Verenigde Bedrijven Centra (VBC).

The acquisition of this property fits with VBC’s strategy of increasing its portfolio of business centres in The Netherlands. At the moment VBC has four properties in its portfolio, in Amsterdam, The Hague, Rotterdam and Wageningen. Caisson Investment Management is responsible for the Asset Management of these properties.

The Business Centre Archangelkade has 13 tenants and contains approx. 25,000 square metres of industrial space and 3,800 square metres of office space.  The property has been in Aberdeen’s client’s portfolio since 1996. 

The sale was handled by CB Richard Ellis in Amsterdam, assisted by Rietmeijer as technical consultant and De Brauw Blackstone Westbroek as notary. Aberdeen Asset Management acted for its Swedish client while Caisson Investment Management, Cerius Projects and Allen & Overy acted for the buyer.

For more information, please contact Bob Reidsma, Director Asset Management, Country Head Netherlands (bob.reidsma@aberdeen-asset.com).

- Notes to Editors -

Aberdeen is an established and leading property manager with clients located around the world. As at 30 June 2010, the Group managed £26 billion within segregated mandates and open-end and closed-end funds.

Aberdeen Asset Management is an independent asset management group, which has been listed on the London Stock Exchange since 1991. The Company was originally founded in Aberdeen, Scotland in 1983. Aberdeen invests worldwide on behalf of clients globally across the four major asset classes of equities, fixed income, property and alternatives. Today the Company has assets under management of over €200 billion (as at 30 September 2010).

- Key values -

• We know global markets from the local level upwards, drawing on over 1,830 staff, across 31 offices in 24 countries.
• We believe our focus, size and approach enable us to provide effective asset management and superior client service.
• Our teams champion original thinking and knowledge, so investment decisions are based only on our own research.
• As a group, we have the scale to provide global coverage of financial markets; yet we are small enough to focus on each and every portfolio decision.
• Close-knit teams, clear investment processes and flat structures are important to us.
• As a group, we have the scale to provide global coverage of financial markets; yet we are small enough to focus on each and every portfolio decision.