Aviva forward funds Salford scheme

Two new bailey

Aviva Investors has agreed to forward fund the development of Two New Bailey Square in Salford for £113m.

The purchase of the 187,241 sq ft office building was made on behalf of Aviva’s Lime Property Fund

The English Cities Fund development, which is expected to be completed by the end of 2019, is pre-let to Salford City Council on a 25-year lease.

Lime Property Fund is a secure income long lease property fund with over £2bn of net asset value. The fund, launched in 2004, targets property investments let to strong tenants on leases with inflation-linked or fixed-rental uplifts and lease terms of 15 years plus.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now