Aberdeen lines up second property acquisiton

Aberdeen Asset Management is set to spend almost £100m (€130m) buying a UK property fund manager in its second acquisition in the sector since December.

UK-quoted Aberdeen said it would buy Goodman Property Investors, part of UK company Goodman Group, for an initial cash consideration of £89m with a contingent bonus of up to £8m, depending on the value of Goodman Property Investors net assets at completion.

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