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BNP Paribas Real Estate Property Management acquires Aberdeen Property Investors Belgium and becomes leader in Belgium

BNP Paribas Real Estate Property Management has become the market leader in Belgium with the acquisition of Aberdeen Property Investors Belgium. This acquisition means that BNP Paribas Real Estate now has more than 2.2 million sq m of commercial real estate under management.

Aberdeen Property Investors Belgium, previously Catella Property Management, was founded in 1991 and is managed by Bart Van Den Berg (Managing Director) and Bruno De Wolf (Director). Located in Brussels, the company manages over one million sq m of commercial real estate properties, on behalf of more than 30 international clients including the leading investment companies in the market. The company was ranked in the top three in Belgium prior to the acquisition, due to a sustained period of growth.

BNP Paribas Real Estate Property Management manages over one million sq m of commercial real estate properties in Belgium and is managed by Frederic Van de Putte (Managing Director). The company works on behalf of 45 national and international clients and is now leader in Belgian property management.

Rickard Backlund, Group CEO of Aberdeen Property Investors commented: “Aberdeen Property Investors as a group has grown quickly in the field of Property Fund and Asset Management across Europe over the past years. We are delighted that our Belgian property management will benefit from becoming part of BNP Paribas Real Estate, a European leader in the sector. We are convinced that our Belgian team will be able to continue its strong development, with the added support and focus from this dedicated property management group.”

Henry Gast, Chairman of BNP Paribas Real Estate Property Management comments: “Thanks to our strong track record, added to the quality expertise of Aberdeen Property Investors in Belgium, BNP Paribas Real Estate Property Management has considerably strengthened its leadership in Europe* with a total of 25 million sq m of commercial real estate under management.”

Lauric Leclerc, Chief Executive Officer, will oversee the integration of the new company into the BNP Paribas Real Estate Property Management business line.

BNP Paribas Real Estate is also active generally in Belgium and continues to develop its expertise in terms of real estate products and services. This acquisition is in keeping with the expansion and integration strategy of its business in every country where it is established. As of today, BNP Paribas Real Estate has 70 employees in Belgium working in Asset Management, Property Management, Brokerage, Expertise and Advisory.

*BNP Paribas Real Estate Property Management, a subsidiary of BNP Paribas Real Estate, is active in nine European countries (Belgium, France, Germany, Italy, Ireland, Jersey, Luxembourg, Spain and United-Kingdom).
About Aberdeen Property Investors
Aberdeen Property Investors is the dedicated property investment division of Aberdeen Asset Management PLC, a global investment management group listed on the London Stock Exchange, which manages around €140 billion of assets in equities, fixed income and property.
Aberdeen Property Investors manages over €30 billion of property assets in Europe, Asia and North America through property funds and separate account mandates, making it one of the top 10 global property investment managers.
Clients are solely third party clients and primarily institutional investors, such as life insurers and pension funds. They are served by more than 800 professionals at offices in 11 European countries, as well as in Hong Kong and Singapore

About BNP Paribas Real Estate
Leader in corporate real estate services in continental Europe and major player in France's residential property market, BNP Paribas Real Estate is active in four main areas:
- Brokerage, Advisory and Valuation
- Investment Management
- Property Management and
- Property Development
BNP Paribas Real Estate is present in 14 countries (in Europe, in the Middle-East, in India and in the USA) with 3 600 employees and announced a turnover of €681 million in 2007 (NBI).
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