Our approach to real estate investing

With over five decades of experience in UK and European real estate, we leverage deep sector expertise and strong local market access to deliver investment solutions across the risk spectrum. Our ability to source opportunities and deploy capital efficiently enables us to meet a range of client objectives. Managing £21.9 billion in assets, we combine scale with proven execution across both equity and debt markets (data as at June 30, 2025).

Our award-winning1 product suite and investment capabilities provide clients with access to responsible investment solutions. By integrating environmental, social and governance (ESG)2 considerations with technical expertise, we create long-term value for investors in European real estate (these considerations are not binding on the investment manager, beyond any specific criteria in the fund or mandate). 

Direct, thematic investors

Our research-led, thematic approach to investing allows us to be disciplined in originating and executing transactions, in opportunities we believe will deliver the best risk-adjusted returns. Rigorous relative value analysis is an essential part of our portfolio construction process.

Market reputation and reach

Our reputation as a trusted counterparty in the European real estate market* means we see a significant volume of “off-market” opportunities. We combine in-house expertise with specialist platforms to create long-term pipeline and scale.

*Source: Aviva Investors as at 30 September 2025

Responsible investment solutions

We have pioneered proprietary tools, such as our Sustainable Transition Loans framework and Sustainable Design Brief, to ensure responsible investment considerations are incorporated as part of our wider investment process for both debt and equity.

1. Deal of the Year - Europe, Real Estate Capital Awards 2024: https://www.recapitalnews.com/rec-europe-awards-2023-the-winners-revealed/

2. ESG integration means the integration of ESG factors and consideration of sustainability risk as part of the investment decision making process. This process is applied beyond any specific binding constraints (in the objective or strategy of the fund as detailed in the prospectus or investment management agreement and in accordance with our Baseline Exclusions Policy). The investment manager retains discretion on decision making taking all risks into account, beyond any binding criteria.

Find out more about our private markets capabilities

Real estate strategies

Real estate long income

Long-lease property acquisitions to generate stable, long-term, inflation-linked cash flows to de-risk real estate exposures or match long-dated liabilities. They provide an alternative or complement to fixed-income allocations.

Find out more "Read more about Real estate long income"

Real estate debt

We source senior secured and whole-loan debt of varying maturities, fixed or floating rate, on commercial property such as offices, retail, or logistics. Clients benefit from regular cashflows and the added security of high-quality collateral.

Find out more "Read more about Real estate debt"

Real estate equity

Real-estate acquisition and management across traditional and alternative sectors in Europe that span the risk spectrum, from growth to development and opportunistic investment.

Find out more "Read more about Real estate equity"

Key risks of real estate strategies

Investment risk

The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.

Real estate risk

Investments can be made in real estate, infrastructure and illiquid assets. Investors may not be able to switch or cash in an investment when they want to because real estate may not always be readily saleable. If this is the case we may defer a request to switch or cash in shares or units. Investors should also bear in mind that the valuation of real estate is generally a matter of valuers’ opinion rather than fact.

Investment insights

Investment thinking that brings together the collective insight of Aviva Investors’ teams from across the globe on the key themes influencing markets.

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Private Markets Study

Private Markets Study 2026

In the eighth edition of the study, we tap into the views of 500 institutional investors managing $6.5 trillion in assets across Asia, Europe and North America. Uncovering the key trends, opportunities and barriers investors are navigating in the pursuit of long-term outperformance. Explore how private markets will continue to drive institutional investor allocations in 2026 and beyond. 

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House View

House View

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Real estate team

Meet our real estate investment team.

  • Gregor Bamert

    Head of Real Estate Debt

  • Renos Booth

    Head of Real Estate Long Income

    • Contact us

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    Private markets

    As one of Europe’s largest private markets investment managers, we have the scale to access the full depth and breadth of private markets.

    Learn more "Read more about Private markets"

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