Aberdeen Standard steps up Asia property push

Aberdeen Standard Investments (ASI) is anticipating rising demand from European institutions for Asia-Pacific property and has added added a fourth member to its direct real estate team in Singapore. The newly merged UK firm is the second biggest property investment manager in Europe with £44.8 billion ($59.3 billion) in real estate AUM globally, but it has just £82 million of that in Asia Pacific. This reflects the minimal exposure of European asset owners to property in the regi…