Aviva Investors launches long-lease fund for continental Europe

Aviva Investors has launched a long-lease real estate fund targeting continental Europe.

The Aviva Investors Continental European Long Lease Strategy Fund has attracted an initial €105m in a first close.

The vehicle has been backed by two insurance investors.

Ed Casal, chief executive, global real estate, said: “We believe that a defensive cash flow-focused strategy can assist our investors in meeting their cash flow matching requirements.”

Aviva Investors said it is aiming to deliver secure, predictable cash flow from predominately index-linked leases.

The portfolio will consist of Continental European properties, with an initial focus on office, retail and alternative sectors in Germany, Austria, Benelux and Scandinavia.

Assets will be long-leased to high quality tenants, with remaining lease terms of typically at least 15 years.

The fund will aim to make quarterly income distributions of between 4% and 5%.

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  • QN-2519

    Asset class: Fund wrapper.
    Asset region: Global.
    Size: EUR 80m.
    Closing date: 2019-03-29.

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