Lismore Real Estate Advisors has facilitated the £13.965 million sale of South Gyle Trade Park in Edinburgh on behalf of abrdn, with Rossco Properties (Edinburgh) Ltd emerging as the acquirer. Set on a site of 12.31 acres, within Edinburgh’s premier industrial location, the multi-let est
Investment giant abrdn is to close its historic Aberdeen office as all employees are asked to work from home permanently. Staff were told this morning that there would be no further job losses in the wake of the decision.
Edinburgh-based investment giant abrdn has announced a cost cutting programme targeting an annualised cost reduction of at least £150m by the end of 2025. The firm has said it plans to cut 500 roles within its business. This move aims to restore the firm's core investments business to an accep
abrdn plc's U.S. subsidiary, abrdn Inc., has entered into an agreement with First Trust Advisors L.P. to acquire the assets of four closed-end funds listed below, adding AUM totalling approximately £0.6 billion. Subject to approval by the shareholders of the respective funds, the four closed-e
abrdn Asia Focus plc, a company that holds a fundamental, high conviction portfolio of well-researched Asian small caps, has confirmed its annual results for the year ended 31 July 2023, revealing a 7.6% rise in Net Asset Value (total return). This is compared to the company’s benchmark return
Abrdn has reached an agreement to divest its European private equity division in a deal valued at approximately £100 million. The acquiring party is Patria Investments, a firm with a presence on the Nasdaq stock exchange. The transaction involves private equity assets under management (AUM) to
Edinburgh-based asset manager abrdn has reported a challenging first half of 2023, witnessing a withdrawal of £4.4 billion by clients, a significant 16% increase compared to the same period in the previous year. This reflects the heightened inflation and interest rate concerns which have shake
Murray Income Trust Plc, a fund managed by abrdn, has declared a fourth interim dividend of 12.75p per Ordinary share for the year ended 30 June 2023 (2022: 11.25p), marking fifty years of dividend increases at the firm. The dividend will be paid to shareholders on 14 September 2023.
Asset management firm abrdn has appointed Jason Windsor as its new chief financial officer and executive director. Scheduled to take up his new role by October 2023, Mr Windsor brings to abrdn almost three decades of experience within the financial services industry. He spent more than a decade with
In a recent panel event organised by the Scottish Financial Enterprise (SFE), senior executives from Encompass Corporation, Capgemini, and abrdn advocated for stronger diversity and inclusion strategies within the workplace, especially in the FinTech sector. These leaders, consisting of Ashton Montg
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