Aberdeen Property Investors has announced that one of its Pan-European funds, Aberdeen European Balanced Property Fund, has appointed two independent experts, Mr. Ronald Smeets and Mr. René Buck to join its Advisory Committee as well as Mr. Philip Menco and Dr. Peter Fehr as representatives from the investor base.
Ronald Smeets was most recently Head of Fortis Real Estate Investments, the Netherlands. He has long term international investment management experience with particular expertise in the retail and residential office sectors. Mr. Smeets was also Chairman of the Dutch Society of Institutional Investors (IVBN).
René Buck is President of Buck Consultants International (BCI) which advises on economics, spatial development, infrastructure, real estate and supply chains. BCI has offices throughout Europe and in New York.
Mr. Philip Menco, CEO of the Eendragt Pensioen N.V. and Dr. Peter Fehr, Leiter Objektmanagement Ausland of Allianz Immobilien GmbH, have also been appointed to the Advisory Board as representatives of the investor base. The Advisory Board advises the Fund Manager in strategic and tactical investments, risk management, finance structuring and investor relations and gives approval for the yearly investment plan of the Fund and larger acquisitions.
Nico Tates, Fund Manager, Aberdeen European Balanced Property Fund, commented: "We are delighted that Ronald Smeets, René Buck, Philip Menco and Peter Fehr have agreed to join the Advisory Committee of the Fund. Their knowledge and experience of all property sectors including logistics across Europe is impressive and their overall investment experience will provide us with an invaluable source of advice to the Fund."
The Advisory Committee will comprise at least five members who are either investor representatives or independent experts. Aberdeen's European Balanced Property Fund is open for investments and is designed for institutional investors. The fund currently has properties with a total asset value of 110 million under management with another 60 million in the pipeline. The target size of the fund is 500 million by the end of 2008.
Source: Aberdeen Property Investors
