Aviva Investors Real Estate Finance completes £120m Shaftesbury Loan

Aviva Investors Real Estate Finance (formerly Aviva Commercial Finance) has announced completion on a £120m 20 year loan to a subsidiary of Shaftesbury PLC.

Together with an earlier loan completed in March, this takes the total lending to the company to £250m in 2015. This is secured against prime retail, office, restaurant and residential space within Shaftesbury’s Carnaby estate.

Barry Fowler, Managing Director of Real Estate Finance at Aviva Investors, said:

“We are delighted to further strengthen our relationship with Shaftesbury, which has a great pedigree and proven track record of actively managing these iconic assets.

“This loan demonstrates our continued ability to deliver big-ticket long-term loans to investors who see the benefit of fixing interest rates at this point in the cycle.”

Chris Ward, Finance Director, Shaftesbury PLC said:

“We are pleased to have secured this financing with a lender of the calibre of Aviva Investors.

“Long term funding is a natural fit with our business model and portfolio of good quality assets with secure income streams.”

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