Aberdeen Standard Investments (ASI) has built out its real estate offerings in the Asia Pacific region following its purchase of of Orion Partners, a regional real estate investment management firm, for an undisclosed fee.
The acquisition adds to ASI’s $56.3 billion global real estate franchise. In a press release, the Edinburgh-based asset manager said Orion Partners manages around $900 million of direct real estate investments in Asia for overseas institutional investors.
“For investors seeking diversification, Asian real estate offers attractive risk-adjusted returns, with less correlation to broader market volatility,” said Hugh Young, head of Asia Pacific at ASI.
He added: “At a time when global investors’ allocation to alternatives and real assets are growing, being able to offer a truly one-stop real estate solution is an integral part of our growth strategy.”
Meanwhile, Kang Puay Ju, head of real estate Asia Pacific and global head of real estate multi-manager at ASI, welcomed the addition of real estate teams in Japan, Korea, Hong Kong and Singapore.
ASI manages $735.5 billion of assets worldwide, the manager added.
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