Our approach
We provide loans to a full spectrum of clients from REITS and institutional funds through to family offices, private property companies, developers and opportunity funds. We also cover all main asset classes including office, retail, industrial and residential as well as smaller sectors such as student accommodation, hotels and serviced apartments.
As we cover such a wide range of opportunities, we’ll put together a team with the skills and experience to deliver a bespoke outcome for each deal.
Sustainable Transition Loans
Buildings are responsible for around 40% of energy consumption and 36% of CO2 emissions in the EU, and almost 75% of the building stock is inefficient.* In order to accelerate the transition of these buildings.
Aviva Investors has developed a proprietary framework for Sustainable Transition Loans for Commercial Real Estate.
Lending terms
Every transaction needs a bespoke approach. We therefore pride ourselves on our flexibility and our ability to listen. We will work with you to develop the right structure based on your requirements and taking into account the underlying assets and tenants.
These guidelines provide an overview for UK transactions:
- Loans range from £20m up to £200m + against a single property or larger sums for real estate portfolios.
- We offer loans that are typically of up to 65 per cent of the value or purchase price of a property, but this can be greater in the event of particularly high income quality.
- Fixed rate loans terms can extend as long as 25+ years and can be as short 3 years, although most of our lending is longer than five years.
- Floating rate loans can extend up to 7 years.
-For European transactions:
- Our Euro loans range from €20m to €65m.
- Loan terms range from three to ten years, on either a fixed or floating basis.
If you have a proposal which you would like to discuss, please contact the relevant member of the team.
Lending process
We aim to provide a transparent and efficient approach to providing loans.
Initial information
To ensure that we can provide you with our best loan terms, we will need as much information about the property or portfolio as you are able to provide. Typically this will include a list of properties, tenancy lists and any recent valuation information to the extent available. Ideally we would like receive this information by email, but we are always happy to discuss applications over the telephone first, if that is helpful.
Underwriting your application
Upon receipt, we will review the information you have provided and revert with any clarifications ahead of providing an initial indication. Our underwriting makes use of our considerable experience and draws on the knowledge of dedicated tenant credit analysts and our team of in-house valuers. Once an agreement on the commercial terms of a loan has been reached, we will proceed to our investment committee for formal approval.
Heads of terms
Once investment committee approval is gained, we will send you a term sheet, formally confirming our proposal and requesting official acceptance. Once acceptance has been confirmed, the due diligence and execution process will commence including appointment of external valuers and lawyers who will liaise with your appointed advisers.
Essential reading
Real estate debt news
Aviva Investors completes £72.9 million sustainable transition loan facility with Commercial Estates Group
12 Apr 2021
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has announced the completion of a £72.9 million sustainable transition loan agreement with Commercial Estates Group (‘CEG’), the property investment management and development company.
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Aviva Investors completes two senior debt facilities totalling £26.7 million
1 Apr 2021
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has provided two senior debt facilities to the alternative investment arm of the Pictet Group, the global wealth manager, along with its joint venture partners Marchmont Investment Management, and Pinnacle Investments, totalling £9.7million and £17.0 million respectively.
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Aviva Investors completes industrial and logistics senior debt financing totalling £184.7 million
29 Mar 2021
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has provided a senior debt facility to Alberta Investment Management Corporation (AIMCo) & Canmoor, totalling £184.7 million.
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Aviva Investors provides £48 million of sustainability-linked financing to Urban Logistics Reit plc
16 Mar 2021
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has completed a £48 million financing facility to subsidiaries of Urban Logistics REIT plc.
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Aviva investors provides £39.9 million refinancing for portfolio of seventeen industrial assets
9 Feb 2021
London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has announced it has completed a £39.9 million senior debt facility with London & Cambridge Properties (‘LCP’), a sponsor focused on industrial warehouse and convenience retail space throughout the UK and Europe.
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Aviva Investors commits to £1 billion of climate transition loans into real estate by 2025
8 Dec 2020
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has announced a commitment to originating £1 billion in sustainable transition real estate debt over the next four years, supported by the launch of its proprietary Sustainable Transition Loans Framework.
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Aviva Investors provides £154 million refinancing to CLS Holdings
30 Sep 2020
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has provided CLS Holdings plc (‘CLS’) with a £154 million senior debt facility towards the refinancing of 12 UK assets.
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Aviva Investors completes £38.5 million refinancing agreement with Grammont Group
23 Sep 2020
Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has announced that it has completed provision of a £38.5 million refinancing facility to Grammont Group (‘Grammont’), a family-run property investment and development business operating in the UK industrial and residential sectors.
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Aviva Investors provides real estate financing across three office acquisitions
13 Jul 2020
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has provided a senior debt facility towards the purchase of three office assets across the UK.
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Aviva Investors agrees additional £35 million debt deal with Big Yellow Group
6 Apr 2020
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has agreed to provide an additional £35 million in debt financing to Big Yellow Group, the UK-based self-storage company, on behalf of Aviva UK Life’s annuity business.
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Aviva Investors completes £29 million refinancing of regional logistics assets
16 Dec 2019
Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has completed a further advance of £28.9 million to refinance a portfolio of regional logistics assets, on behalf of the annuity business of Aviva UK Life.
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Aviva Investors fund a new shopping experience in the heart of Stevenage Town
5 Dec 2019
Aviva Investors, the global asset manager business of Aviva plc, has provided funding to Stevenage Borough Council (SBC) and the Reef Group for the £50m Queensway North Regeneration scheme comprising the former Marks & Spencer and adjoining retail parade to spearhead.
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Aviva Investors completes £83 million logistics portfolio refinancing
2 Dec 2019
Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has announced that it has completed a £83.15 million deal to refinance a portfolio of regional logistics assets on behalf of Aviva UK Life’s annuity business.
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Aviva Investors completes a £10.9 million deal with Valor Real Estate Partners LLP
21 Nov 2019
Aviva Investors, the global asset manager business of Aviva plc, has agreed a £10.9 million, 7-year, fixed rate loan Valor Real Estate Partners LLP for a warehouse in Acton, West London.
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Aviva Investors and Romulus agree £136 million central london portfolio refinancing
20 Nov 2019
Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has announced that it has completed a £136 million deal to refinance a portfolio of mixed-use assets in Central London.
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Aviva Investors completes a £33.5 million deal with AshbyCapital
14 Oct 2019
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.
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