The move leaves Aberdeen with a £5.9 billion management portfolio.Aberdeen Chief Executive Martin Gilbert said: 'Since the acquisition of API in October of last year we have increased our business levels organically and now, through the important strategic acquisitions of RREEF and the Celexa Group, we are building a critical mass and mix of talents to create a significant force in property asset management in the UK and Europe'.

RoProperty Chairman Chris Bartram said the disposal was intended to allow RoProperty and its UK subsidiary Haslemere to focus on direct property investment and development activities.

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