Fund manager Aviva Investors is to offload 拢800 mln(EUR897 mln) of commercial property from its with-profits funds after the decline in value of other investments caused an overweight to UK real estate, Financial Times reported this week.
Fund manager Aviva Investors is to offload 拢800 mln(EUR897 mln) of commercial property from its with-profits funds after the decline in value of other investments caused an overweight to UK real estate, Financial Times reported this week.
Aviva is reportedly bringing to market a portfolio of 47 properties with an indicative price range of between 拢750m and 拢800m. The properties are managed by Aviva Investors on behalf of the with-profits funds of Norwich Union Life and Pensions, Commercial Union, and CGNU Life. The portfolio includes industrial and office premises, high street retail and retail warehousing, with more than 250 tenancies.
