Aviva Investors enters German PBSA market

Aviva Investors believes that Spanish multi-family housing is performing exceptionally well due to strong market dynamics and plans to scale these investments.

George Fraser-Harding

George Fraser-Harding, head of Pan-European Real Estate at Aviva Investors, told CRE Media Europe at Expo Real that the company is entering the German student housing market, with the first land acquisition in Berlin is slated for next week and more sites are under offer.  
“We see a significant opportunity at this cycle's point due to undersupply, favourable demographics, and structural tailwinds promising rental growth”, he explained.
A portfolio of 1,800 single-family housing units is being built and expanded in the UK, and Aviva is exploring potential partnerships to scale this further. The Central London Office Market is experiencing robust growth, with West End rents doubling in the last four years and continued growth in the City.
Aviva Investors' debt business is expanding in Europe, moving beyond its traditional UK focus. “We find the logistics and living markets highly competitive for lending, so we are increasingly concentrating on office lending and longer-duration lending”, Fraser-Harding explained.
Aviva’s sister insurance company intends to allocate more towards European real estate, following a review that highlighted the need for greater geographical diversification. He anticipates significant capital flows into their funds next year and expansion of debt investments in infrastructure.
Branislav Pekić