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Newsec and Aberdeen Standard Investments enter new property management agreement

Press release   •   Jun 18, 2019 07:00 CEST

Newsec has signed a comprehensive property management agreement with Aberdeen Standard Investments regarding their total property portfolio in Sweden of approximately 300,000 square meters. The procurement has taken place in tough competition, with great focus on finding a management partner that matches Aberdeen Standard Investments' high demands on quality and local presence for a real estate portfolio in constant change.

The agreement consists of a comprehensive property management solution including financial, commercial and technical management starting October 1, 2019.

“I am very proud of this new assignment and look forward to a developing cooperation with Aberdeen Standard Investments. Our experience of successfully managing real estate in all segments and in several locations has been a strength in this procurement and an acknowledgment that our organization can undertake large assignments with high complexity. ”Says Mattias Johansson, head of Newsec Property Asset Management in Sweden.

Aberdeen Standard Investments’ portfolio consists of properties in the retail, office, logistics and residential segments in Stockholm, Gothenburg, Malmö, Linköping and Örebro.

Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services within Advisory and Property Asset Management. Newsec was founded in 1994 and is today a partner-owned company with some 1 800 co-workers spread across the seven Nordic and Baltic countries. In 2018, Newsec opened a London office to assist international investors interested in the Nordic and Baltic region. Newsec has approx. EUR 45 billion under management and annually signs lease agreements of approx. 1 million square meters, manages transactions of some EUR 3.3 billion and does real estate valuations of underlying property worth almost EUR 165 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.

The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo

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