The proposed merger at Aberdeen aims to combine the abrdn Real Estate Fund and the abrdn Global Real Estate Fund. Pending investor approval by the 30 October 2026 voting deadline, the transaction is expected to close on 13 November 2026. Euan Anderson, investment director for real estate, noted that the move addresses the Financial Conduct Authority's ongoing focus on liquidity arrangements for funds holding direct property. By integrating the two portfolios, the firm intends to offer investors a more diversified, research-led global strategy while potentially lowering ongoing charges.
Aberdeen Proposes Real Estate Fund Merger as Weatherbys Boosts Lending
Aberdeen Investments has unveiled plans to consolidate two of its real estate funds into a single flagship vehicle managing over £700 million, while Weatherbys Private Bank is sharpening its Lombard lending terms, offering a margin of 1.48 per cent above the Bank of England base rate to attract clients.
Simultaneously, Weatherbys Private Bank is positioning its Lombard lending services as a tech-enabled alternative for high-net-worth individuals. The bank allows clients to secure funds against investment portfolios, including those managed by third-party firms, without requiring a change in custodians. Oliver Barnett, head of private clients, emphasized that the integration of digital monitoring tools has increased efficiency, allowing the bank to provide competitive interest rates while maintaining a personalized approach to client service.
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