The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Standard Life Investments enters Asia-Pacific market

Standard Life Investments, one of the largest property fund managers in Europe, announced on May 1 that it has made its first direct investment in the Asia-Pacific property market with the acquisition of a property in Perth, Australia, for A$47 million ($38.9 million).

The property was purchased from Colonial First State Global Asset Management on behalf of Standard Life Investments Select Property Fund and is located in the central business district of Perth. It includes 10 levels of office accommodation and ground floor retail.

Andrew Jackson, manager of the fund, says: "This acquisition represents a further internationalization of the direct property component of the fund." The fund is now worth more than £1.5 billion ($2.97 billion), and it has performed strongly, with the retail accumulation unit price rising 55.6% since launch.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree