I am a Private investor BE, English About Views Search English About us Company news Aviva Investors provides £48 million of sustainability-linked financing to Urban Logistics Reit plc 16 March 2021 1 minute read (London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has completed a £48 million financing facility to subsidiaries of Urban Logistics REIT plc. Urban Logistics REIT will use the loan proceeds to refinance its recent acquisition of a portfolio of 14 logistics assets in various locations across the UK, totalling 1.1 million sq ft. The seven-year interest only facility, provided at a fixed rate of 2.34% p.a., has been made on behalf of both internal and external client mandates managed by Aviva Investors, including the Aviva UK Life Annuity business. The transaction includes a commitment from Urban Logistics REIT to work towards an agreed set of sustainability transition criteria, which will see it benefit from margin reductions upon meeting these targets across the loan assets. It follows the launch of Aviva Investors’ Sustainability-linked Loans framework in December as part of its commitment to originating £1 billion in sustainable transition real estate debt over the next four years. Gregor Bamert, Head of Real Estate Debt at Aviva Investors, said: “We are delighted to begin a lending relationship with Urban Logistics REIT, supporting its strategy to diversify – and extend – its debt profile. The urban logistics sector is underpinned by strong fundamentals and the sponsor’s specialist focus and active management, coupled with a modest leverage requirement, make this a compelling long-term proposition for our investor clients. We are also pleased to see a commitment from the business to enhancing the green credentials of its assets, as we continue to decarbonise our investment portfolio and support the UK’s wider climate transition programme.” Christopher Turner, Executive Director at Urban Logistics REIT, said: “We are delighted to have agreed a new debt facility with Aviva and we hope this relationship will continue to grow as we maintain our focus on building a unique platform of UK single let last touch logistics assets. The sustainable element is entirely in line with our drive towards adding ESG to the front of our investment policies. This new loan incorporates a £150m accordion element which will enable us to grow and strengthen this relationship” For more information contact: James Morgan Media Relations Manager Phone +44 20 7809 6745 Email james.morgan@avivainvestors.com Steve Ainger Head of Media Relations Phone +44 20 7809 8452 Email steve.ainger@avivainvestors.com Important information The information and opinions contained in this document are for use by the financial press and media only. No reliance may be placed for any purpose on the information or opinions contained in this document nor should they be seen as advice. The press release is provided on the basis that Aviva Investors Global Services Limited is not causing the communication of a financial promotion under exemption of the Financial Promotion Order, as Aviva Investors Global Services Limited has no control over the way in which an article based on this press release is prepared and published by the financial press and media. Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as at 10 March 2021. Unless stated otherwise any views, opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature. The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. Issued by Aviva Investors Global Services Limited, registered in England No. 1151805. Registered Office: St Helen's, 1 Undershaft, London, EC3P 3DQ Authorised and regulated by the Financial Conduct Authority. Aviva Investors Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £366 billion in assets as at 31 December 2020. AVIVA PLC For information on how Aviva is helping our people, customers and communities impacted by COVID-19 visit: www.aviva.com/covid-19-our-response/ Aviva is a leading international savings, retirement and insurance business. We exist to be with people when it really matters, throughout their lives – to help them make the most of life. We have been taking care of people for more than 320 years, in line with our purpose of being ‘with you today, for a better tomorrow’. Our vision is to earn our customers’ trust as the best place to save for the future, navigate retirement and insure what matters most to them. In 2019, we paid £33.2 billion in claims and benefits on behalf of our 33.4 million customers. We will focus on the UK, Ireland and Canada where we have leading market positions and significant potential. We will invest for growth in these markets. Our International businesses in Europe and Asia will be managed for long-term shareholder value. We will also transform our performance and improve our efficiency. Our transformation will be underpinned by managing our balance sheet prudently, reducing debt and increasing our financial resilience. Total group assets under management at Aviva group are £522 billion and our Solvency II capital surplus is £12.0 billion (HY20). Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index. For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us The Aviva newsroom at www.aviva.com/newsroom includes links to our image library, research reports and our news release archive. Sign up to get the latest news from Aviva by email. You can follow us on Twitter: You can follow us on LinkedIn: www.linkedin.com/company/aviva-plc For the latest corporate films from around our business, subscribe to our YouTube channel: We have a Globelynx system for broadcast interviews. Please contact the Press Officer noted above if you would like to make a booking. Latest company news Aviva Investors Real Assets Study 2021 sees large uptick in institutional investors committing to net zero targets 25 NOV 2021 (London) – Global institutional investors have significantly raised their ambitions to implement net zero commitments across portfolios over the last 12 months, whilst being increasingly aware of the challenges in meeting these targets, according to the latest edition of the Aviva Investors Real Assets Study. The annual survey from Aviva Investors, the asset manager of Aviva plc (‘Aviva’) is based on responses from over 1,100 decision-makers at global insurers and pension funds which together represent over €2 trillion of assets under management, Read more Aviva Investors appoints Ben Sanderson as Managing Director, Real Estate 16 NOV 2021 (London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), today announces the appointment of Ben Sanderson as Managing Director, Real Estate. Read more REAL ESTATE FINANCE Aviva Investors provides £200 million of sustainability-linked refinancing to Primary Health Properties 3 NOV 2021 (London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces it has agreed a £200 million facility with Primary Health Properties plc (“PHP”), a real estate investment trust (REIT), specialising in modern primary healthcare properties. Read more On this site About us Other links Aviva Aviva Ventures Careers LinkedIn Follow us on Twitter Legal & Regulatory Privacy notice Accessibility Cookie notice Manage cookies © 2021 Aviva Investors Cookies At Aviva Investors we use cookies to ensure that our website works properly. We can also use cookies to improve and personalise your experience, understand how you use our website and for our advertising purposes. You can agree to all cookies by clicking on ‘Accept All Cookies’ or choose which cookies you want to agree to by clicking on ‘Manage Cookie Settings’. You can change these settings at any time. For more information about the cookies on our website and how we use them please see ourCookie Notice MANAGE COOKIE SETTINGS ACCEPT ALL COOKIES