trending Market Intelligence /marketintelligence/en/news-insights/trending/GptxXyI8U-GQt4Fc1IgZ_A2 content esgSubNav
In This List

KanAm Grund buys Standard Life Aberdeen HQ in Edinburgh for £130M

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


KanAm Grund buys Standard Life Aberdeen HQ in Edinburgh for £130M

KanAm Grund Group reportedly paid about £130 million to purchase investment management company Standard Life Aberdeen PLC's headquarters in Edinburgh on behalf of German pension fund Ärzteversorgung Westfalen-Lippe, Property Week reported.

Standard Life Pooled Pension Property Fund sold the property at 4-8 St Andrew Square, which features 100,000 square feet of offices, 65,000 square feet of shops and restaurants, and five apartments, the May 23 report added.

A 20-year lease variation with Standard Life Aberdeen was signed prior to the sale of the property, which also counts retail chain TK Maxx as one of its tenants.