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Aviva Commercial Finance

Aviva Investors Real Estate Finance as provided a £120m, 20-year loan to London specialist property firm Shaftesbury to refinance a portfolio of retail, office and residential assets. The new fixed-rate facility will be allocated across assets in Shaftesbury’s Carnaby Street estate. It follows a £130m, 15-year loan from Aviva Investors in March, also secured on […]
Aviva Commercial Finance has hired Barclays’ head of London real estate, Gregor Bamert.
Aviva Commercial Finance has provided a £130m loan for West End specialist property firm Shaftesbury. The 15-year loan is secured against properties in Shaftesbury’s Carnaby Street estate, owned by one of its subsidiaries. The facility has a fixed interest rate of 3.2% throughout the term equating to between 130 and 140 basis points over the […]
Kennedy Wilson and Fairfax have refinanced The Rock in Bury, once estimated to be worth more than £270m, with a new loan valuing the shopping centre at £88m.
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Aviva Commercial Finance has issued three, fixed-rate loans totalling £154m for the development of new healthcare and educational facilities in the UK. The loans, which closed just before Christmas, have long-dated income that match the liabilities of group clients including the Aviva annuity business.
Aviva Commercial Real Estate Finance has sold a distressed UK portfolio for £503m to Kennedy Wilson Europe Real Estate. The insurer has also provided £352.3m of staple finance, reflecting a loan-to-value of 70%. The senior debt facility has been split into a three-year floating rate loan (33%), a five-year fixed rate loan (20%) and an eight-year fixed rate loan (47%). The facility has a weighted average margin of 206 bps and has the flexibility to substitute properties over the life of the loans, based on the acquisition purchase price.
Helical Bar has secured an £81m debt facility from Aviva Commercial Finance to refinance a trio of assets in the UK. The 10-year loan allows for drawdowns of up to 63% of value and have a fixed interest rate of 2.48%. The assets are two office buildings in London – the 150,000 sq ft Shepherd’s Building in Shepherd’s Bush and the 35,000 sq ft One King Street in Hammersmith - as well as a retail asset within its 250,000 sq ft Morgan Quarter in Cardiff.
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