GoldenTree Asset Management completed the acquisition of abrdn Property Holdings for £351m.

GoldenTree Asset Management, a private equity firm, completed the acquisition of abrdn Property Holdings, a 39 asset portfolio of Abrdn Property Income Trust, a real estate investment firm, for £351m. "Since the shareholder vote on 28 May 2024 to put the Company into a Managed Wind Down was passed, the Board, alongside the Investment Manager, explored the most effective means of disposing of the Company’s assets. The aims were to maximise the returns to shareholders but also to return cash to them as soon as possible. The full range of disposal strategies was considered from individual property sales to a wider transaction," James Clifton-Brown, Abrdn Property Income Trust Chairman.