Aviva Investors provides £200 million financing to Shaftesbury Capital

28 August 2023

Aviva Investors, the global asset management business of Aviva plc, announces it has completed a £200 million debt facility with Shaftesbury Capital, the leading central London mixed-use real estate investment trust (REIT).

The agreement is a ten-year facility and has been secured against a portfolio of assets across the Carnaby Estate, which comprises a collection of buildings in and around Carnaby Street in the West End of London. As part of the financing, Aviva Investors and Shaftesbury Capital will also consider the future inclusion of specific sustainability-related metrics into its terms, bringing it in-line with Aviva Investors’ Sustainable Transition Loan Framework.

Gregor Bamert, Head of Real Estate Debt at Aviva Investors, said:

“We are delighted to complete our first financing agreement with Shaftesbury Capital, building on our existing and longstanding relationship with the business. Coupled with the Carnaby estate, it is a compelling example of a well-curated and thriving location managed by market leading client, which we have a strong conviction for. We expect this deal will complement our portfolio well in the delivery of long-term, regular cashflows for our investor clients.”

Situl Jobanputra, Chief Financial Officer of Shaftesbury Capital, added:

“We are pleased to have extended our relationship with Aviva Investors through the new long-term financing of £200 million, which enhances the Company’s debt maturity profile and highlights the attractiveness of our exceptional portfolio.”

Source: Aviva Investors