Aviva Investors Expand: Makes £150m Investment In 4 Cities

Aviva Investors, the global asset management sector of Aviva PLC, has announced its acquisition of a portfolio of six PBSA assets and a mixed-used commercial property as the asset management business invested £150m in the student accommodation field. 

This student accommodation investment portfolio has a cumulative of six assets in four cities which include cities like Liverpool, Exeter, Falmouth and Edinburgh. These investments comprise a total bedspace for more than 1,000 students. With this investment, they also acquire a complimentary asset in Liverpool, which is spread over 65,000sqft. This will give Aviva Investors a retail space to include hospitality hotels and supermarkets. 

The head of the real estate investment at Aviva Investors, James Stevens, commented by saying, “Complementing our build-to-rent platform of single-family homes, this significant transaction shows our ability to deploy capital at scale, alongside a proven operating partner into a strategically important growth sector for our business.” James also added that “Student numbers are projected to continue growing in the coming years and, with a structural undersupply of purpose-built accommodation, we are pleased to be able to invest into the sector and support the provision of high-quality accommodation across the country.” 

The current student accommodation sites align with the long-term sustainability plans of Aviva Investors. Two of the student accommodation for international students in the UK  already have photovoltaic panels installed on site which makes them reduce the reliance on traditional energy sources. 

Aviva Investors have chosen Curlew Capital, which will be responsible for lettings, maintenance and site management.
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