Aviva provides £184.7m facility for UK industrial assets

Aviva provides £184.7m facility for UK industrial assets

Aviva Investors has provided a senior debt facility to Alberta Investment Management Corporation (AIMCo) & Canmoor, totalling £184.7 million.

Aviva said the facility is a mixed fixed and floating-rate financing to support the acquisition of 16 high quality UK industrial and logistics assets.

The financing, which is secured over a five-year term, has been made on behalf of a combination of internal and external client mandates managed by Aviva Investors.

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“We are very pleased to provide this financing to AIMCo & Canmoor, particularly in sectors where we are positive about the potential for growth. Building a relationship with AIMCo & Canmoor who have a strong pedigree in these areas is an exciting opportunity for us given their growth ambitions and demonstrates the importance of working with the right partners,” said Gregor Bamert, Head of Real Estate Debt at Aviva Investors.