Aberdeen Property Investors The Netherlands has signed an asset and property management contract with Hamburg's HSH Real Estate AG for a 29,000 m² retail unit based at the Sijsjebergweg in Amsterdam.
The unit, bought by LB Immo Invest GmbH from Borghese Real Estate, is leased to four tenants, Van Neerbos Bouwmarkten, Leen Bakker, Kwantum and Woonexpress. The new contract with LB Immo Invest GmbH is effective as of the 1st of October 2009.
Bob Reidsma, CEO of Aberdeen Property Investors The Netherlands commented: "We are very pleased with the new contract with LB Immo Invest GmbH and their parent company HSH Real Estate AG. This assignment increases our third party client basis to six investors exclusive to the Aberdeen Group. Our total portfolio of assets under management, servicing eight clients, is now close to 900 million."