Aberdeen Asset Management’s Nordic team is taking on a new Danish client and renewing a Swedish mandate.
The fund manager was picked by Danish charity Aage V Jensen to manage €170m of Danish assets, while SB Trygg Liv has extended a mandate to improve performance of its €2bn Swedish property portfolio.
SEB appointed Aberdeen in 2010 to manage the properties with the aim of reducing their vacancy rates and has extended the mandate for another three years. It also wants to improve the sustainability of the 520,000m2 portfolio.
Tonny Nielsen, Aberdeen’s head of investment management in the Nordics, said the business manages €9bn of assets in the region – almost 40% of the €23bn of property Aberdeen manages.