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Commercial Property News
Aviva plans commercial property investment
Aviva Investors has begun spending a £250 million fund that is being used to take advantage of opportunities in the commercial property market.
According to Property Week, the UK Real Estate Recovery Fund has either completed transactions or placed under offer business property worth £50 million.
Head of UK institutional real estate funds at Aviva Rob Walton explained that the move "is about a low-risk approach to capture the opportunity [in the real estate market]".
The news source quoted him as saying that the focus will be on retail warehouses, hotels, offices and high street stores.
He added that the City of London is not yet on the agenda, stating: "We will look at the West End, but not yet".
Property Week recently reported global chief executive for real estate at Aviva Investors as stating that there is now cautious optimism in the real estate sector following a "grim" 2009.
According to Property Week, the UK Real Estate Recovery Fund has either completed transactions or placed under offer business property worth £50 million.
Head of UK institutional real estate funds at Aviva Rob Walton explained that the move "is about a low-risk approach to capture the opportunity [in the real estate market]".
The news source quoted him as saying that the focus will be on retail warehouses, hotels, offices and high street stores.
He added that the City of London is not yet on the agenda, stating: "We will look at the West End, but not yet".
Property Week recently reported global chief executive for real estate at Aviva Investors as stating that there is now cautious optimism in the real estate sector following a "grim" 2009.
Fri, 15th Jan 2010