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CACEIS selected as depository services provider for ABERDEEN's WertFonds S real estate fund managed by ACTEUM
ABERDEEN Immobilien Kapitalanlagegesellschaft has selected CACEIS in Germany as its new depository services provider for the “WertFonds S”, a real estate special fund for institutional investors, managed by ACTEUM Investment. “For us it was important to engage an asset servicing bank like CACEIS, which is capable of supporting both the complex structures of a Service KAG and those of an Asset Manager,” stated Matthias Drüppel, Managing Director of ACTEUM.
CACEIS performed a successful migration of the fund by the agreed deadline. “We are building a close partnership with ABERDEEN and ACTEUM, and will do our utmost to support their business development plans going forward,” said Holger Sepp, Co-Head and member of the Management Board of CACEIS in Germany.
By winning this mandate, CACEIS in Germany is building on its market-leading position as depository services provider to real estate funds of independent investment companies. CACEIS currently holds some €20 billion in direct and indirect real estate assets under Depotbank.