Aviva Investors appoints Mike Luscombe as lead manager of the Aviva Investors Property Trust

Aviva Investors, the global asset management business of Aviva plc (Aviva), announces the appointment of Mike Luscombe as lead manager of the Aviva Investors Property Trust (AIPT). He reports to Ben Stirling, Managing Director, European Direct Real Estate and replaces Philip Nell, who is leaving Aviva Investors in July.

Mike has 30 years' experience in real estate investment management and has been with Aviva Investors for nearly 27 years. For the past 15 years, he has managed the Aviva Linked Property Fund - Aviva's UK unit linked life and pension property fund valued at c£3bn.

Ben Stirling, Managing Director, European Direct Real Estate. said:

"We are very pleased to appoint Mike to the Aviva Investors Property Trust. He has an incredible wealth of experience in the UK real estate market and is already familiar with the fund and its assets.

"Mike is able to draw on strong resources from both asset managers across the UK real estate team and a dedicated research function. This is supported by a robust and tested investment governance process. I am confident that this places the fund in a strong position to continue to capitalise for clients on the opportunities in the UK real estate marketplace."

Aviva Investors has revised upwards its total annual return for UK commercial by 1%, forecasting a total return of 9% annually between 2015 and 2019.

Andrew Hook remains co-manager of AIPT. Andrew has 15 years' experience in real estate investment management and has been with Aviva Investors for eight years. Andrew's co-stewardship of the fund will support the smooth transition in the day-to-day management of the fund. AIPT is also supported by Michael Borello, assistant fund manager, who has recently joined the team.

Notes to editors

The information and opinions contained in this document are for use by the financial press and media only, and do not purport to be full or complete. 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 11 May 2015.

The Aviva Investors Property Trust is an open ended Non-UCITS Retail Schemes. Investment into the Aviva Investors Property Trust is provided by Aviva Investors UK Fund Services Limited

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 15 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £246 billion as at 31 December 2014.

Aviva plc

  • 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 currently manages over £245 billion in assets.
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  • Aviva provides life insurance, general insurance, health insurance and asset management to 34* million customers, across 16 markets worldwide


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