diff --git a/src/ifcopenshell-python/ifcopenshell/api/project/append_asset.py b/src/ifcopenshell-python/ifcopenshell/api/project/append_asset.py
index 08bd45197f..b62a677905 100644
--- a/src/ifcopenshell-python/ifcopenshell/api/project/append_asset.py
+++ b/src/ifcopenshell-python/ifcopenshell/api/project/append_asset.py
@@ -17,11 +17,14 @@
 # along with IfcOpenShell.  If not, see <http://www.gnu.org/licenses/>.
 
 import ifcopenshell
+import ifcopenshell.api.geometry
 import ifcopenshell.api.type
 import ifcopenshell.api.project
 import ifcopenshell.api.context
 import ifcopenshell.api.owner.settings
 import ifcopenshell.util.element
+import ifcopenshell.util.geolocation
+import ifcopenshell.util.placement
 from typing import Optional, Any, Union
 
 
@@ -206,6 +209,13 @@ class Usecase:
         element = self.add_element(self.settings["element"])
         self.reuse_existing_contexts()
 
+        placement = element.ObjectPlacement
+        if placement is not None:
+            matrix = ifcopenshell.util.placement.get_local_placement(placement)
+            matrix = ifcopenshell.util.geolocation.auto_local2global(self.settings["library"], matrix)
+            matrix = ifcopenshell.util.geolocation.auto_global2local(self.file, matrix)
+            ifcopenshell.api.geometry.edit_object_placement(self.file, element, matrix, is_si=False)
+
         element_type = ifcopenshell.util.element.get_type(self.settings["element"])
         if element_type:
             ifcopenshell.api.owner.settings.factory_reset()
diff --git a/src/ifcopenshell-python/test/api/project/test_append_asset.py b/src/ifcopenshell-python/test/api/project/test_append_asset.py
index b4aceceed6..7de3457320 100644
--- a/src/ifcopenshell-python/test/api/project/test_append_asset.py
+++ b/src/ifcopenshell-python/test/api/project/test_append_asset.py
@@ -17,6 +17,8 @@
 # along with IfcOpenShell.  If not, see <http://www.gnu.org/licenses/>.
 
 import test.bootstrap
+import ifcopenshell.api.geometry
+import ifcopenshell.api.georeference
 import ifcopenshell.api.pset
 import ifcopenshell.api.root
 import ifcopenshell.api.type
@@ -27,6 +29,8 @@ import ifcopenshell.api.context
 import ifcopenshell.api.project
 import ifcopenshell.api.material
 import ifcopenshell.util.element
+import ifcopenshell.util.placement
+import numpy as np
 
 
 class TestAppendAssetIFC2X3(test.bootstrap.IFC2X3):
@@ -370,6 +374,40 @@ class TestAppendAssetIFC2X3(test.bootstrap.IFC2X3):
         ifcopenshell.api.project.append_asset(self.file, library=library, element=element)
         assert self.file.by_type("IfcWall")[0].HasOpenings[0].RelatedOpeningElement.is_a("IfcOpeningElement")
 
+    def test_append_a_product_when_projects_have_georeference(self):
+        ifc_file = ifcopenshell.file()
+        ifcopenshell.api.root.create_entity(ifc_file, ifc_class="IfcProject")
+        ifcopenshell.api.context.add_context(ifc_file, "Model")
+        ifcopenshell.api.georeference.add_georeferencing(ifc_file)
+        ifcopenshell.api.georeference.edit_georeferencing(
+            ifc_file, coordinate_operation={"Eastings": 3.0, "Northings": 23.0}
+        )
+
+        library = ifcopenshell.file.from_string(ifc_file.to_string())
+        ifcopenshell.api.georeference.edit_georeferencing(
+            library, coordinate_operation={"Eastings": 29, "Northings": 42}
+        )
+        element = ifcopenshell.api.root.create_entity(library, ifc_class="IfcWall")
+        matrix = np.array(
+            (
+                (1.0, 0.0, 0.0, 1.0),
+                (0.0, 1.0, 0.0, 2.0),
+                (0.0, 0.0, 1.0, 3.0),
+                (0.0, 0.0, 0.0, 1.0),
+            )
+        )
+        ifcopenshell.api.geometry.edit_object_placement(library, element, matrix)
+        new = ifcopenshell.api.project.append_asset(ifc_file, library=library, element=element)
+        resulting_matrix = np.array(
+            (
+                (1.0, 0.0, 0.0, 27.0),
+                (0.0, 1.0, 0.0, 21.0),
+                (0.0, 0.0, 1.0, 3.0),
+                (0.0, 0.0, 0.0, 1.0),
+            )
+        )
+        assert np.array_equal(ifcopenshell.util.placement.get_local_placement(new.ObjectPlacement), resulting_matrix)
+
 
 class TestAppendAssetIFC4(test.bootstrap.IFC4, TestAppendAssetIFC2X3):
     # NOTE: breaks in IFC2X3 since IfcProfileDef doesn't have "HasProperties" inverse in ifc2x3