Deals

Aviva picked for €350m multi-manager mandate

The London-based insurer has been chosen by Dutch pension fund, Stichting Pensioenfonds Medisch Specialisten, to manage its 34 unlisted real estate holdings and to advise on its future strategy in the sector.

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Aviva Investors has scooped a large multi-manager mandate from Dutch pension fund, Stichting Pensioenfonds Medisch Specialisten (SPMS).

SPMS opted for Aviva after holding a beauty parade of companies capable of managing its €350 million of global unlisted real estate and advising on its future strategy. SPMS is a Dutch pension for the retired freelance medical specialists in the Netherlands with more than €5 billion of assets under management.

Aviva's global real estate multi-manager team will now take over the management of 34 unlisted holdings across the Netherlands and the rest of Europe, as well as the US and Asia Pacific. It will also help formulate a strategy for SPMS' future investments.

Aviva's Global multi manager business is led by Nick Mansley, global director. It has 21 investment professionals in London, New York and Singapore and manages €5 billion of assets.