Thursday, July 7, 2022

Aviva provides $285m loan to property investor Romulus


Aviva Investors said the ten-year, fixed-rate loan is secured against a number of assets owned by Romulus in the office, hotel, leisure

Aviva Investors has provided a £227m ($285m) loan to London-based property investment firm Romulus.

The debt finance, provided on behalf of Aviva UK Life’s annuity business, is secured against a number of Romulus’s office, hotel, leisure and retail assets in central London.

Aviva Investors said the ten-year, fixed-rate loan is secured against a number of assets owned by Romulus in the office, hotel, leisure.

Following the Romulus deal, the Aviva Investors real estate debt team has surpassed its commitment to originate a billion pounds in sustainable transition real estate debt by 2025, the manager said.

In December 2020, the global asset management business of insurer Aviva set aside £1bn ($1.26bn) to finance sustainable real estate investments.

Gregor Bamert, the head of real estate debt at Aviva Investors, said: We are delighted to build on our long-standing relationship with Romulus, a business which has shown great willingness to incorporate sustainability metrics across the full facility, against assets which are well-located and of high quality.

Equally, it is great to have a long-standing borrower client help us reach our £1bn ($1.26bn) origination target. When we created the sustainable transition loans framework, this figure seemed both challenging and substantial, however, the reaction and engagement from borrowers has been astounding and we look forward to setting ourselves some even more challenging targets in the next phase of the programme, he said.

Ben Richardson, finance director at Romulus, said: We are very pleased to extend our relationship with Aviva Investors and to have agreed a new, long-term facility, particularly one that recognises Romulus’s creative ability to continually add significant value to our investment portfolio and allows us to align our borrowing activities with the sustainability targets we have set for the business.


The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply