UK infrastructure and real estate projects are expected to benefit from an influx of cash from Aviva Investors over the next three years.
The UK fund manager announced it is to invest £10 billion (€11 billion) to support the development of projects including social housing, renewable energy, and rail networks across the country.
Aviva highlighted that the UK suffers from a funding shortfall in these areas.
The investment will also play a role in the creation of jobs in infrastructure and real estate across cities and regions in the UK.
According to the fund manager, there has been increasing demand from pension funds and insurers for these kinds of real assets investments.
Mark Versey, CIO of Aviva Investors’ real assets arm, said: “The market uncertainty caused by Covid-19 should make the resilience of long-term cashflows offered by real assets increasingly appealing to institutional investors.”
Aviva chief executive Amanda Blanc added: “The investments being made will ultimately fund people’s savings and retirement, aiming to deliver stable returns to our customers and funding a sustainable future for the UK.”
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