Aviva Investors UK Property Fund and associated Feeder Funds

Closure of the Aviva Investors UK Property Fund, the Aviva Investors UK Property Feeder Inc Fund and the Aviva Investors UK Property Feeder Acc Fund (the “Funds”)

As investors will be aware, dealing in the Funds was suspended in March 2020 due to material uncertainty over the valuation of property within the portfolio, brought about by the Covid-19 pandemic. During this period of economic uncertainty, it has become increasingly challenging to generate positive returns whilst also providing the necessary liquidity to re-open the Funds. 

On 31 January 2021 the Value Assessment for these Funds determined that a strategic review should be undertaken to ensure investors’ long-term interests could continue to be served. This review, combined with forecast redemption levels upon re-opening, concluded that the Funds’ ability to fully benefit from the economies of scale and the diversification of investments that collective investment schemes normally bring would soon be limited. Size is particularly important for funds that invest in property directly because the costs involved in acquiring, managing and disposing of properties are usually much higher than the costs associated with other asset types.

As such we have concluded that it would now be in investors’ interests to wind-up the Funds and return cash to investors in a fair and orderly manner.

The Funds will continue to be suspended and with effect from 19 July 2021 will be placed into termination.

Latest update June 2025:

As a reminder, dealing was suspended in these Funds as of March 2020, and we commenced the closure process. Since that date, progress has been made with the sale of the Fund’s properties, and returning the majority of cash to customers.

So far in 2025, we have been unable to make any further payments relating to the Fund, and therefore the proportion of assets returned to customers remains as follows:

As customers will recall, we have been working to conclude the sale of one remaining property in the Fund, which required some development work before we could conclude a sale and return the final portion of funds to investors.

We are making progress with the sale of this property, which remains subject to the conclusion of standard due diligence checks and legal formalities with a potential buyer, which we hope to be able to finalise shortly.

We apologise for the delays regarding the sale of this remaining property. We know that it is frustrating, and we appreciate your patience.

Aviva Investors remain fully committed to UK real estate. In line with Aviva plc’s strategy to focus the overall business portfolio, Real Estate is a core capability within Real Assets which is a key component of the overall business growth strategy for Aviva Investors. The decision to close the Funds has been made to ensure the fair treatment of all investors, but is also consistent with the simplification strategy, and the business’ focus on innovative scalable solutions which we believe will best serve our clients’ needs, incorporating ESG as standard, and ensuring client interests remain at the heart of all that we do.

We are also aware that you may have additional questions, so we have prepared a Direct Q&A and ISA Q&A that you may find helpful.

See contact details below if you have any questions regarding the continued suspension and termination of the Funds or would like further information.

Contact us

Contact our Customer Service Team on 0800 051 2003*. Alternatively contact your Financial Adviser who will be able to discuss your individual investment needs.

*Calls may be recorded for training and monitoring purposes, and to comply with applicable law and regulations.

Date updated: 1 August 2025