Aviva Investors completes a £33.5 million deal with AshbyCapital

Aviva Investors, the global asset manager business of Aviva plc, has agreed a £33.5 million, 5-year, fixed and floating rate loan with AshbyCapital to finance Abbotsinch Retail Park in Paisley, near Glasgow.

The 265,000 sq. ft retail park is fully let to 14 tenants including B&Q, Wren, ScS, Dunelm, Natuzzi, Tapi and Oak Furnitureland, with an on-site Frankie & Benny’s providing a restaurant offering for shoppers. The scheme also includes 1,098 car parking spaces.

mock image of abbottsinch park

Gregor Bamert, Head of Real Estate Finance at Aviva Investors, said “We are delighted to expand upon our existing partnership with AshbyCapital. Despite a challenging retail environment, this deal demonstrates our ability to selectively provide flexibly structured financing for strong cashflow generating assets. This transaction represents Aviva Investors’ ability to offer a range of solutions across Real Assets for our partners in order to deliver stable returns for our clients matching investor appetite with borrower requirements.”

Charles-Etienne Lawrence, Investment Director at AshbyCapital, said “While the retail sector in general is a difficult environment, we believe that carefully selected, high-quality retail parks in strong and convenient locations continue to be attractive investment opportunities. This loan is a vote of confidence from Aviva Investors in our ability to select the best assets and deliver optimum value from them, and we are pleased to be working with them again.”

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Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as at 4 July, 2019.  Unless stated otherwise any views, opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature.  The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. 

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Aviva Investors

Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £331 billion as at 31 December 2018.

AVIVA PLC

  • Aviva provides life insurance, general insurance, health insurance and asset management to 33 million customers.
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  • Aviva’s asset management business, Aviva Investors, provides asset management services to both Aviva and external clients, and currently manages £331 billion in assets. Total group assets under management at Aviva group are £490 billion.
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