Aberdeen Asset Management has been appointed to manage two European real estate portfolios representing over €800 million of assets, IPE reports. The firm will run a €537 million Nordic portfolio earlier managed by Denmark’s Property Group, and a €300 million Swedish portfolio on behalf of Provinsfastigheter.

Aberdeen will use active management and also handle the financial administration, reporting directly to the board of directors, until the portfolio is ready for sale. The two mandates have brought Aberdeen’s property assets under management in the Nordic region to €9.9 billion.

Click here for the story from IPE.