Aviva Investors brings Allianz Real Estate in as partner for development scheme at 1 Liverpool Street and 101 Moorgate

(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces it has formed a joint venture partnership (‘the Partnership’) with Allianz, managed on its behalf by Allianz Real Estate as part of its ongoing development project of new mixed-use retail and office buildings at 1 Liverpool Street and 101 Moorgate in the City of London (‘the City’).

The Partnership will see Aviva Investors and Allianz Real Estate develop the two buildings, which together sit at the heart of the Crossrail development site in the City, bookending the eastern and western entrances of the new Elizabeth line station at Liverpool Street station, following a development agreement originally entered into by Aviva Investors with Transport for London (TfL) in 2019

  • 1 Liverpool Street sits opposite the eastern entrance of the new Elizabeth line at Liverpool Street station and above the new Crossrail infrastructure at Liverpool Street station, which will complete the west end of Liverpool Street. Once complete, it will provide 176,000 sq ft of leasable office and retail space, spread over the ground and upper ten floors. 
  • 101 Moorgate occupies a prominent site in the City, close to the junction with London Wall and opposite the entrance to Finsbury Circus. It will deliver over 73,000 sq ft of office and retail space over its ground and six upper floors. 

In-line with Aviva Investors’ commitment to reaching net zero across the entirety of its c.£47 billion Real Assets platform by 2040 and Allianz Real Estate’s target of reducing carbon emissions across its portfolio by 25% by 2025 whilst being carbon net-zero by 2050, the two sites will be developed with environmental and sustainable credentials front-and-centre of their design. Both buildings will target a BRREAM ‘Outstanding’ rating, the highest certification that can be achieved when assessing the sustainability performance of a building through BREEAM’s third-party certification scheme, whilst also meeting Carbon Risk Real Estate Monitor’s (CRREM) decarbonisation pathway requirements and being compliant with EU Taxonomy. 

The collaboration with Allianz Real Estate at Liverpool Street and Moorgate extends Aviva Investors’ partnerships programme with real estate investment managers and large, international, like-minded capital allocators seeking to benefit from Aviva Investors’ investment capability and expertise. In August last year, Aviva Investors partnered with PSP Investments, one of Canada's largest pension investment managers, to acquire a portfolio of offices located around Hoxton Square in the Shoreditch area of London, which was the fifth investment made together by the two firms since 2015. 

James Stevens, Head of Real Estate Investment at Aviva Investors, said:

“The scale of development we are undertaking at Liverpool Street and Moorgate signals our continued commitment to the city and its long-term prospects. We are really pleased to be partnering with Allianz Real Estate, a firm which shares both our investment philosophy and focus on sustainability. This joint investment will deliver an exceptional example of our development strategy in action. We have set stringent sustainability targets, aiming to lower ongoing energy needs through use of efficient materials and specific performance targets. This will make 1 Liverpool Street and 101 Moorgate buildings of the highest quality for their occupants and a further facilitate a move towards a lower-carbon future.” 

Kari Pitkin, Head of Business Development Europe at Allianz Real Estate, said:

“London is one of the world’s most dynamic cities and one of the most important office markets. This development will result in two exceptional office buildings in London. We strategically picked the micro locations in the City of London with direct access to the Crossrail transport service as we continue to build up our London office portfolio.”

For more information contact:

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James Morgan

Media Relations Manager

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Steve Ainger

Head of Media Relations

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Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as at 11 April 2022. 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. 

Issued by Aviva Investors Global Services Limited, registered in England No. 1151805. Registered Office: St Helen's, 1 Undershaft, London, EC3P 3DQ   Authorised and regulated by the Financial Conduct Authority.

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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 £268 billion in assets under management as at 31 December 2021.

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Issued by Aviva Investors Global Services Limited, registered in England No. 1151805. 
Registered Office:  St Helen's, 1 Undershaft, London, EC3P 3DQ.  Authorised and regulated by the Financial Conduct Authority and a member of the Investment Association.

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