FRANCE - Aberdeen Property Investors is set to establish a French office in a bid to expand its European strategy.
Aberdeen Property Investors international director Ubbe Strihagen [pictured] said France was a key market, given it was one of Europe’s largest markets.
“There is also growing interest from investors in Europe looking for cross border property investments,” he said. “I see Aberdeen’s move into France as an important step in our ambition to be the leading property asset management company in Europe.”
Aberdeen recruited Jacques-Yves Nicol to head up the French office, and will take up the position on 18 April.
Nicol was previously Managing Director, France, at Tishman Speyer where he headed up their real estate business.
Aberdeen Property Investors CEO Rickard Backlund said: “We believe the French property market has strong investment and business potential which requires prominent local management. We also believe in increased international diversification and cross-border investments both for French and international investors”.
By Damian Clarkson
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The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.