Aberdeen Property Investors - Aberdeen Asset Management

Highlights of the year
Sustained organic growth. In the financial year to
30 September 2007:
• Assets under management (AuM) increased by 39%
to €13.1 billion.
• Revenues increased by 12% to €102.5 million.
• We completed €4.3 billion of property transactions,
predominantly new acquisitions for our funds.
The acquisition of leading German fund manager DEGI at the
end of December 2007* meant that we started 2008 with:
• A greatly increased presence and client base in the
strategically important German market.
• AuM of some €20 billion with added expertise and
economies of scale in fund management.
Assets in property funds increased from 27% to 48% of total
AuM in the financial year and to some 65% including the
DEGI property funds.
Final closing of two funds of funds when they achieved their
target sizes: AIPP Asia and AIPP.
Launches of new funds:
• A single-country fund: Russia.
• Two new funds of funds: AIPP Asia Select and AIPP II.
Scandinavian Property Development ASA made a strong start
in 2007 towards its goal of becoming Scandinavia’s leading
property development player.
• Set up in January with its first investment of €600 million.
Assets under management (AuM), in € billion
20
15
10
5
0
04*
05*
06*
* By end Q3 in each year
**By January 2008
Transactions, in € billion
5
4
3
2
1
07*
08**
■ Management
Mandates
■ Funds
■ Acquisitions
■ Divestments
• Private placement in February raised €370 million from
over 230 investors in ten countries.
• Listed on the Oslo stock exchange in November.
Expanded European presence with a new office and team in
St Petersburg, a new team in London and the DEGI team
in Frankfurt.
0
2004* 2005* 2006*
* Rolling 12 months end Q3
2007*
* Scheduled for completion in April 2008 subject to the approval of BaFin
(Germany’s federal financial supervisory authority)
Annual Review 2007 3