Aviva Investors, the global asset management business of Aviva plc (‘Aviva’) today announces that in Q4 2014 it became fully invested on the Aviva Investors UK Real Estate Recovery II Fund.
Launched on 13 September 2013, the fund, which is ungeared, has invested in UK commercial real estate, with a focus on higher yielding assets.
The fund followed the Aviva Investors UK Real Estate Recovery Fund, launched in 2009, which focused on more prime, long lease-length assets at a cyclical low level. The original Aviva Investors UK Real Estate Recovery Fund has completed its business plans and has largely sold all its assets, repatriating capital back to investors.
Anna Rule, fund manager at Aviva Investors, said:
“Since its launch on 13 September 2013, this fund has attracted significant investor interest. We called the market correctly, raised the equity and have been successful in investing rapidly into the market.
“The fund has been involved in 22 individual transactions, including a number off-market. Over 50% is invested in Greater London and the South East, and is therefore positioned well to benefit from rental growth.
“Investors continue to look toward higher yielding real estate assets, which remain attractive relative to other low-risk asset classes.”
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The Aviva Investors UK Real Estate Recovery II Fund is regulated by the Jersey Financial Services Commission. Units in the unit trust are being offered to institutional investors by invitation only in accordance with restrictions imposed by the Jersey Financial Services Commission.
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 Management Association. Contact us at Aviva Investors Global Services Limited, St. Helen’s, 1 Undershaft, London EC3P 3DQ. Telephone Calls may be recorded for monitoring and training purposes.
Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions and services to clients worldwide. Aviva Investors operates in 15 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £240 billion as at 30 September 2014.
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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 Management Association.
Telephone calls may be recorded for training and monitoring purposes Contact us at Aviva Investors Global Services Limited, St. Helen’s, 1 Undershaft, London EC3P 3DQ.