Aviva Investors completes £83 million logistics portfolio refinancing

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.

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.

The funding, a five-year fixed rate facility, was used by EPIC, a London-based property investor, to refinance an existing facility with Aviva Investors and is secured against a portfolio of prime logistic properties, including assets in Thatcham, Glasgow and Basildon.

inside a warehouse

Gregor Bamert, Head of Real Estate Finance at Aviva Investors, said:

“We are delighted to extend our existing long-term relationship with EPIC is a sponsor which has demonstrated a focus on location and strength in its relationships with tenants to drive income and value. This deal illustrates our continued appetite to provide facilities secured against well-let assets in good locations, whilst delivering stable returns to our investor clients.”

Marcus Mollan, Director of Annuity Asset Origination at Aviva UK Life, added:

“We are very pleased to have provided this financing to EPIC. The logistics sector is an important part of Aviva’s strategy to grow our commercial mortgage portfolio, and we’re delighted to have been able to support this high-quality landlord providing facilities across the country.”

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The information and opinions contained in this document are for use by the financial press and media only. No reliance may be placed for any purpose on the information or opinions contained in this document nor should they be seen as advice. 

The press release is provided on the basis that Aviva Investors Global Services Limited is not causing the communication of a financial promotion under exemption of the Financial Promotion Order, as Aviva Investors Global Services Limited has no control over the way in which an article based on this press release is prepared and published by the financial press and media. 

Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as at 04 December 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 £346 billion in assets as at 30 June 2019.

AVIVA PLC

Aviva provides life insurance, general insurance, health insurance and asset management to 33 million customers.

In the UK we are the leading insurer serving one in every four households and have strong businesses in selected markets in Europe, Asia and Canada. Our shares are listed on the London Stock Exchange and we are a member of the FTSE100 index.  

Aviva’s asset management business, Aviva Investors, provides asset management services to both Aviva and external clients, and manages over £346 billion in assets (as at 30 June 2019). Total group assets under management at Aviva group are £501 billion (as at 30 June 2019).

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