UK – Aberdeen Property Asset Managers (APAM) has won the mandate to run the £180m (€287.5m) property investment portfolios of Windsor Life Assurance Company (WLAC).

The funds in question will be run from APAM’s Glasgow office. The appointment was made by WLAC’s parent company, Life Assurance Holding Corporation.

The win represents the first new funds to be taken on by APAM since it was formed by the acquisition of both RREEF UK and Celexa UK by Aberdeen Property Investors International Group earlier this year.

This latest mandate win means APAM now has 18 funds under management worth some £4.5bn.