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Aberdeen buys back Goodman Property

From: The Independent - London  |  Date: 5/7/2008  |  Author: Nick Clark

Aberdeen Asset Management is to become one of the largest property asset managers in the world, after buying back a business it sold less than four years ago for over 100m.

Aberdeen yesterday announced that it had sealed the acquisition of Goodman Property Investors from parent company Goodman Group for 89m up front. The manager will pay a further 8.4m on completion and up to 12.5m over the next 24 months.

GPI is one of the largest property fund managers in the UK, with ...

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