Aviva Investors Real Estate Finance completes a £94 million deal with GULF

Aviva Investors Real Estate Finance (formerly Aviva Commercial Finance) and Griffen UK Logistics Fund ("GULF") announce the closing of new lending facilities totalling £94.6m. The loans are principally of five-year terms with a proportion advanced on a floating-rate basis and are secured against a diversified regional portfolio of distribution warehouses.

Barry Fowler, Managing Director of Aviva Investors Real Estate Finance said, ”We are very pleased to have developed a relationship with Griffen this year, who share our positive views on the distribution sector. This further demonstrates our ability to provide more dynamic loans of a shorter tenor alongside our traditional long-term lending.“

Rui Nobre, Managing Director of Griffen Capital said, ”It has been a pleasure to work with Aviva Investors. The facility was well thought out, carefully structured and competently handled by an extremely professional team. GULF has made over £100m of acquisitions in the core logistics distribution markets during the last 10 months and is looking to aggressively scale up the portfolio through investment and development.“

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