Aberdeen Acquires RREEF

April 27, 2001 (PLANSPONSOR.com) - In its sixth acquisition in as many months, Aberdeen Asset Management announced its purchase of property fund manager RREEF (UK) Ltd, from RoProperty Holding BV in a £7.3-million cash deal.

The addition of RREEFs  £1.7 billion in property under management will bring the value of the real estate that Aberdeen manages to £5.9 billion.

Aberdeen, in line with its strategy to build critical mass in property asset management in the UK, agreed to buy Celexa Group, which manages property assets of £1.9 billion, earlier this month.