Aviva Investors is starting to see conditions reach a point whereby transactions are possible for the franchise again following a summer lull. George Fraser-Harding, head of pan-European funds, said the firm was in exclusivity on two deals in Spain which could take its build-to-rent (BTR) portfolio above €300 mln. He also said Aviva Investors had entered into exclusivity on further European logistics transactions.
In addition, the company is eyeing expansion of its Living sector portfolio with more student accommodation investments in the UK and Europe. In the UK, Aviva Investors has so far been mainly focused on single family units where it has a portfolio of around €500 mln, while in Spain it has been concentrating on the BTR sector.
In July 2023, the business completed its third investment as part of its Spanish BTR platform with Layetana Living, with the forward purchase of a 234-unit residential development in Madrid the latest investment. Aviva Investors is investing two main equity funds that seek alpha returns. One of them is Aviva Investors Perpetual Capital Fund which is a long-term strategy to invest and manage a diversified portfolio of pan-European direct Real Estate assets while promoting environmental and social characteristics as part of its investment policy. The other is Aviva Investors Real Estate Active (REALTAF) launched earlier this year under a new category of fund designed to provide access to long term private market assets with an initial portfolio of £1.5 bn backed by the parent Aviva insurance group, but open to third party investors.
Source: https://propertyeu.info/Nieuws/Aviva-Investors-in-exclusivity-on-several-deals-eyes-more-Living-in-Europe/a8f0486b-0d63-4bf4-a3c0-1c2878a49437, on 8.12.2023