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Newsec and Aberdeen Standard Investments enter new property management agreement

Newsec has signed a comprehensive property management agreement with Aberdeen Standard Investments regarding their total property portfolio in Sweden of approximately 300,000 square meters. The procurement has taken place in tough competition, with great focus on finding a management partner that matches Aberdeen Standard Investments' high demands on quality and local presence for a real estate portfolio in constant change.

The agreement consists of a comprehensive property management solution including financial, commercial and technical management starting October 1, 2019.

“I am very proud of this new assignment and look forward to a developing cooperation with Aberdeen Standard Investments. Our experience of successfully managing real estate in all segments and in several locations has been a strength in this procurement and an acknowledgment that our organization can undertake large assignments with high complexity. ”Says Mattias Johansson, head of Newsec Property Asset Management in Sweden.

Aberdeen Standard Investments’ portfolio consists of properties in the retail, office, logistics and residential segments in Stockholm, Gothenburg, Malmö, Linköping and Örebro.

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Annika Wahlund Head of Press, Newsec Advisory