UK / NETHERLANDS / SWEDEN – Aberdeen Celexa Property Investors (ACPI), with €10bn of real estate assets under management and Europe’s largest real estate administrators, is the new name for the joint activities of Celexa Real Estate Investment Management Group (Celexa) and Aberdeen Property Investors (API), the property arm of Aberdeen Asset Management, which acquired Celexa in May.

ACPI will be based in London but its operations will be split into three geographic regions represented by a separate operating subsidiary.

In Amsterdam, Aberdeen Celexa Property Investors Continental Europe will target mainly Benelux, France, Germany, Italy and Spain for new business.

Aberdeen Celexa Property Investors Nordic Region will serve Scandinavia and Finland from its offices in Stockholm.

Ireland and the UK will be looked after by Aberdeen Celexa Property Investors UK and Ireland in London.

The new group will offer two main product lines.
Separate account asset management is aimed at institutional clients looking to invest directly in real estate, with ACPI taking care of the buying and selling as well as portfolio and object management.

ACPI has initiated several non-listed niche real estate funds, which have diversified institutional shareholder bases that will open up to new investors when the company undertakes further expansion. New niche funds are also pencilled in for development, given the group’s newly extended international sphere of influence.