Aviva Investors has provided a senior debt facility for the purchase of three office assets across the UK.
Situated in Hamilton, Scotland, Aztec West, Bristol, and Chertsey, Surrey, the buildings are predominantly let to investment-grade tenants, including Samsung Electronics, Scottish Power and EE.
Scottish Power and EE occupy the Hamilton and Bristol sites respectively, with the Chertsey asset housing Samsung Electronics and a workplace solutions provider.
The financing, a five-year fixed-rate loan, is being made on behalf of external client mandates.
Gregor Bamert, head of real estate debt at Aviva Investors, said: ‘We are pleased to be building new borrower relationships, expanding our successful relationship with M7 and finding opportunities to extend our lending programme, despite the challenging environment.
‘We believe that opportunities continue to exist in the market, particularly when lending against good assets with high-quality tenants in place.
'As such, this deal should deliver good performance for our investor clients as part of the overall portfolio. It also represents our first transaction with Kamco acting as sponsor and look forward to expanding our relationship in due course.’
M7 acted as asset manager and investment advisor for the facility.
