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Edinburgh investment giant takes majority stake in logistics fund manager

Neil Slater By Scott Wright ABERDEEN Standard Investments has highlighted the shift to online shopping, which has rapidly accelerated during the coronavirus pandemic, as it acquired a majority stake in a specialist logistics fund manager. The Edinburgh-based investment giant has bought an initial 60 per cent stake in Tritax Management, which has around £5.1 billion of assets under management throughout the UK and Europe. The value of the deal was not disclosed. ASI, the main fund management arm of Standard Life Aberdeen, noted that Tritax has “significant expertise” in the logistics sector, from large warehouses occupied by major online retailers through to ‘last mile’.

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