Aberdeen Standard Investments (ASI) is set to acquire a 60% stake in fund manager Tritax, in a move Tritax believes will "strengthen the combined offering in the growing logistics real estate market".
Tritax is a specialist logistics real estate fund manager with AUM of approximately £5.1bn throughout the UK and Europe, including Tritax Big Box REIT and Tritax EuroBox plc. The group's investment teams will continue to service their existing mandates following the deal, retaining autonomy and control over decision making. The purchase, which is part of ASI's bid to provide further "deep sector specialism" for its clients, means Tritax's management team - including CEO Colin Godfrey and finance director Frankie Whitehead - will remain unchanged, and will head up ASI Real Estate's global...
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