Aberdeen Standard Investments has expanded its Asia Pacific real estate capability with the acquisition of Asia real estate management firm, Orion Partners.
Orion Partners managed approximately AUD$1.26 billion of direct real estate investments in Asia for international institutional investors, and its acquisition signalled Aberdeen’s ambition to meet rising global demand for new investment solutions.
Hugh Young, Aberdeen’s head of Asia Pacific, said for investors seeking diversification, Asian real estate would offer attractive, risk-adjusted returns, and the firm’s acquisition of Orion Partners was a good opportunity to build on its real estate capabilities.
“Our real estate multi-manager business has invested with Orion Partners in Asia Pacific for more than a decade; it is a team we have known well and admired for its client-focused and transparent approach, much in line with [Aberdeen’s] own culture,” said Kang Puay Ju, Aberdeen’s head of real estate Asia Pacific and global head of real estate multi-manager.
“The addition of the on-the-ground direct real estate teams in Japan, Korea, Hong Kong and Singapore will deepen our local insights and broaden our product suite across the region,” she said.
The terms of the transaction had not been disclosed.