UK fund management giant Aviva Investors is looking to double its real assets business over the next two to three years, which would see its real estate holdings grow from about £25B to £50B — and it is overhauling the way it invests in property to do that. The strategic shift being undertaken by Aviva Investors gives insight into how large real estate owners with big portfolios are attempting to meet the challenges of a world where people are using buildings differently, and where money needs to be found to reinvest in assets that might have been owned for several generations.
Aviva Investors is looking to move away from funds that just perform in line with the wider market or to own a little bit of lots of asset classes to provide diversification, Head of Real Asset Global Investment Specialists Mark Meiklejon told Bisnow. It will look to make bigger bets… Read the full story here. |