Aberdeen’s property arm in The Netherlands has signed an asset and property management contract with HSH Real Estate AG, Hamburg, for 'Boulevard Hoogstad’, a 16,000m² retail centre at the Gerard Burgerlaan in Vlaardingen.

The centre, recently purchased by LB Immo Invest GmbH, is let to 12 retailers specialised in home decoration and electronics. The new contract with LB Immo Invest GmbH is effective as of 1 July 2010.

Bob Reidsma, Country Manager responsible for Aberdeen’s property activities in the Netherlands commented:

“We are very pleased with this second assignment with LB Immo Invest GmbH and their parent company HSH Real Estate AG. It shows the confidence HSH Real estate has in Aberdeen as their asset manager in The Netherlands.

“The new assignment has increased the total portfolio of assets under management in The Netherlands, servicing eight Dutch and International clients, to over € 900 million.”

For further information please contact:

Bob Reidsma, Country Manager, Tel. +31 20 687 0500

E-mail: bob.reidsma@aberdeen-asset.com

Aad Jansen, Head of Asset and Transaction Management, Tel. +31 20 687 0500

E-mail: aad.jansen@aberdeen-asset.com

Tom Eckersley, Maitland

Tel: +44 207 379 5151, e-mail: teckersley@maitland.co.uk

About Aberdeen

Aberdeen Asset Management is an independent asset management group, which has been listed on the London Stock Exchange since 1991. The Company was originally founded in Aberdeen, Scotland in 1983. The Group has 31 offices in 24 countries and over 1,800 staff located around the world.

Aberdeen invests worldwide on behalf of clients globally across the four major asset classes of alternatives, equities, fixed income and property. Today the Company has assets under management of €191.6 billion* (£170.9 billion).

In property alone, Aberdeen manages some €25.8 billion* (£ 23.1 billion) of assets in Europe, Asia and North America through property funds and separate account mandates. Clients are solely third party clients and primarily institutional investors. They are served by some 390 property professionals at offices in 13 European countries, and in Singapore.

We provide domestic and international investment exposure to property by offering a wide range of investment products and services. These are all supported by rigorous investment processes, independent inhouse research and local active management.

www.aberdeen-asset.com/property 

* As at 31 March 2010