Aviva Agrees £60.65 Million Facility To Refinance Four Industrial / Distribution Assets
Aviva Commercial Finance has provided a five year 50% LTV facility to global property investor EPIC. The facility will refinance four assets located in key manufacturing and distribution locations in Glasgow, Thatcham, Tamworth and Milton Keynes.
Barry Fowler, Managing Director of Aviva Commercial Finance, said: “We’re delighted to refinance this quality commercial portfolio with such a strong client as EPIC. This loan demonstrates the diversity of Aviva’s offering and its ability to write facilities with tenors from five years, alongside our long-term facilities, whilst still providing strong investment for Aviva and our annuity customers. We continue to have substantial funds to invest and this transaction demonstrates our significant appetite and competitiveness in the market.”
Michael Elghanayan, Director of EPIC said “We’re delighted to have Aviva as a lender to the EPIC group. Aviva listened to our requirements from day one and were able to provide us with a competitive offer to refinance these assets.”
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