Border To Coast Pensions Partnership has engaged with Edinburgh-based investment giant abrdn for the development and management of its new UK real estate proposition, aiming to launch in late 2024. The partnership will target Border to Coast's 11 local government pension fund shareholders and invest
Asset management firm abrdn has appointed Anne Breen as head of real estate, as the company moves towards a simplified focus on growth by dividing its real assets division into real estate and infrastructure. Neil Slater, the global head of real assets for the past three years, is set to leave abrdn
Work has begun on a major refurbishment project at a well-known George Street building, which will deliver the first ‘defurbished’ office space on one of Edinburgh’s main thoroughfares.
Glasgow City Council's wholly owned subsidiary City Property Glasgow has secured a £210 million investment, from Phoenix Group and abrdn, to support the council’s recently settled equal pay liability.
In a move that will save millions per year, asset manager abrdn has decided to leave its head office in Edinburgh's St Andrew Square due to the increase of hybrid working at the firm.
An agreement has been reached by LGT, the international private banking and asset management group owned by the Princely Family of Liechtenstein, to acquire abrdn's discretionary fund management business in the UK and Jersey for £140 million. The transaction involves approximately £6.1 b
Spanish bank Santander, along with other interested parties, is considering to acquire abrdn's private equity unit, it has been claimed. It is unknown how many interested parties there are, however, sources have said deal is expected to be made in the next several months between abrdn and a buy
New analysis has shown Scottish households have lower levels of financial wellbeing than those in the rest of the UK as one-in-five households (21%) in Scotland are currently living in serious financial difficulty.
Abrdn has appointed Peter Branner as chief investment officer (CIO), effective 1 May 2023, reporting to Chris Demetriou and Rene Buehlmann, CEOs of investments. Mr Branner joins from APG Asset Management, one of the largest global pension investors based in Europe, where, as CIO, he has been respons
Edinburgh-headquartered investment firm abrdn is searching for a new CFO after it revealed that incumbent Stephanie Bruce will leave the company. Ms Bruce has been CFO at abrdn since June 2019. She joined from big four accountancy firm PwC, where she was a partner.
The board of Aberdeen New India Investment Trust PLC has announced the company’s net asset value (NAV) increased by 5.9%, in its unaudited results for the six months to 30 September 2022. In what was a turbulent six months the trust's NAV increase was lower than its benchmark, the MSCI India I
Abrdn and the John Lewis Partnership have announced an agreement to bring forward 1,000 new homes in three build-to-rent schemes in London and the South East with a gross development value of circa £500 million. The joint venture brings together a strong complementary set of capabilities: the
The return of Scottish fund manager abrdn and engineering firm Weir Group to the FTSE 100 has been confirmed by the index's management group.
Weir Group and abrdn are set to rejoin the FTSE 100 this week after their share prices have recovered since their respective relegations from the index. Abrdn dropped out of the FTSE 100 earlier this year after its share price fell to under 150p, but it has since recovered and is now trading at
abrdn has been awarded 21 ‘Green Stars’ for reaching significant environmental and social targets in the buildings it owns. The ‘Green Stars’ were achieved in the 2022 Global Real Estate Sustainability Benchmark (GRESB) real estate assessment. GRESB has become the largest glo