ABERDEEN Asset Management yesterday braved the weakening commercial property sector, making a £130 million acquisition which put it among the ten largest property management companies in the world.
Announcing interim results yesterday, AAM revealed it is paying an initial £89m cash for Goodman Property Investors. It will pay up to an additional £40.9m based on the value of Goodman's assets when the sale is completed over the next two years.

Full story: business.scotsman.com