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Aberdeen Asset Management splashes out on property firm

Aberdeen Asset Management has announced the purchase of Goodman Property Investors for £89m.

Aberdeen, through its wholly-owned subsidiary Aderdeen Property Investors Holding, will also pay £8.4m which is linked to the group’s assets upon completion of the deal at the close of business today, with a further £12.5m dependant upon asset under management flows in the next 12 months.

The deal brings Aberdeen Property Investors’ assets under management to £24bn.

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