Aviva Investors, the global asset manager business of Aviva plc, has agreed a 5-year, fixed-rate loan with Bridges Fund Management for Castle House office building, which is let to the Government.
The asset benefits from undoubted income during the loan term and, whilst some re-positioning of the asset is likely in the medium term, it is well located in a strong regional city.
Gregor Bamert, Head of Real Estate Finance, Aviva Investors, said:
“We are delighted to establish a lending relationship with Bridges Fund Management, an experienced sponsor with strong ESG credentials and an ethos very much aligned with Aviva Investors. This debt deployment is a good example of our appetite for lending in strong regional locations”.