Aviva Investors

£1.5bn property fund to reopen




Aviva Investors UK Fund Services Limited has announced it will be resume the trading of its Aviva Investors Property Trust fund on 15th December.

In July, Aviva took the decision to temporarily suspend all dealing in the trust to safeguard the interest of investors following the UK’s decision to leave the European Union.

The property trust fund as of 31st October 2016 was worth £1.49bn and typically invests up to 90% in commercial property.

Well-known properties the fund has holdings in include The Corn Exchange in Manchester, Abacus House in London as well as 20 Soho Square, also in London.

Aviva thanked its investors for their patience throughout the process and have apologised for any inconvenience caused.

“Following the suspension, the fund management team [has] implemented a robust structured property sales programme to boost liquidity within the trust,” said Aviva.

“This programme also ensures that the remaining properties align with the trust’s strategy and position the trust to maximise value and deliver performance for investors going forward.”

Aviva follows Columbia Threadneedle Investments as one of many property funds which have lifted trading suspensions implemented post the EU referendum vote. 

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