Aberdeen acquires Orion Partners
Aberdeen Standard Investments has expanded its Asia Pacific real estate capability with the acquisition of Asia real estate management firm, Orion Partners.
Orion Partners managed approximately AUD$1.26 billion of direct real estate investments in Asia for international institutional investors, and its acquisition signalled Aberdeen’s ambition to meet rising global demand for new investment solutions.
Hugh Young, Aberdeen’s head of Asia Pacific, said for investors seeking diversification, Asian real estate would offer attractive, risk-adjusted returns, and the firm’s acquisition of Orion Partners was a good opportunity to build on its real estate capabilities.
“Our real estate multi-manager business has invested with Orion Partners in Asia Pacific for more than a decade; it is a team we have known well and admired for its client-focused and transparent approach, much in line with [Aberdeen’s] own culture,” said Kang Puay Ju, Aberdeen’s head of real estate Asia Pacific and global head of real estate multi-manager.
“The addition of the on-the-ground direct real estate teams in Japan, Korea, Hong Kong and Singapore will deepen our local insights and broaden our product suite across the region,” she said.
The terms of the transaction had not been disclosed.
AUTHOR
Anastasia Santoreneos
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
