Aberdeen Standard in Asia-Pacific real estate venture

Aberdeen Standard Investments (ASI) has formed a joint venture with Sumitomo Mitsui Trust Bank to target the Japanese property market and other "mature" markets across the Asia-Pacific region. The new venture will target investments in residential assets such as multi-family, senior housing, student accommodation and corporate housing. It will acquire newly-constructed properties, as well as older residential properties which have the potential to be renovated, repositioned or converted.