Aviva reopens European Property fund

The first European (ex-UK) direct commercial property fund to offer daily dealing to UK investors, the fund suspended on 4 November 2008 due to a lack of immediate liquidity and to safeguard existing client interests during the market downturn. Aviva Investors managing director Continental Europe real estate Ben Stirling says since suspension, the group has carefully managed liquidity levels and the sale of properties in a measured manner to get the best possible price. "We have worked hard in a difficult real estate market to bring the fund back to a good liquidity position and are d...