Frozen Aviva Fund Draws Interest From Potential Asset Buyers
- Investors have made approaches for Friends First Irish assets
- Fund is already selling two properties, may sell a third
Construction cranes line the River Liffey near North Dock, Dublin, Ireland, on Monday, Jan. 6, 2020.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Aviva Plc has been approached by investors interested in assets held by one of its frozen Irish property funds, according to people with knowledge of the matter.
Aviva’s Friends First Irish Commercial Property Fund already had two properties at various stages of the sales process before it halted withdrawals, the company had said. It may sell another this year to finance investment in other real estate it owns, the people said.