Aviva | Business Post

Aviva buys AIG’s UK protection arm for £460 million

The deal should complete in the first half of 2024

Commercial property market faces €10 billion correction

Central Bank warns of downturn as pension funds and retail investors brace for double-digit losses

Colm McCarthy: Clubs should team together across different sports codes and share stadiums

Requests for new venues, increased capacity or improved facilities should only be entertained if they will be highly utilised and the grounds are shared

Irish property funds book writedowns of €240m as commercial market turns

Value of eight of largest funds has dropped as the commercial real estate market continues to correct in the face of rising interest rates and weak demand

Aviva’s Irish arm sees profits fall on back of rising claims after Covid-19

In Ireland, operating profit fell to €32 million in 2022, down from €43 million in 2021

Irish Life blocks withdrawals from €500m property fund as investors rush to exit

The insurance and pensions company said it had limited withdrawals its Irish property fund after a recent spike in requests from investors seeking to get their money back

Irish commercial property market could lose €10bn in value in 2023

Significant write-downs are expected in response to rising interest rates and reduced demand, while values across retail, industrial, logistics, office and residential units could fall between 10 and 20 per cent this year

Commercial Property

Tech lay-offs and rising interest rates create chilly environment for Irish property investors

Significant write-downs in the value of Irish commercial property seem inevitable this year as markets adjust to the changed macro-economic environment

Google’s landlords seek to block office redevelopment

Irish Life, owner of the Velasco Building, is one of two firms objecting to Hibernia Real Estate’s proposed construction of an eight-storey office block on Clanwilliam Place in Dublin 2

Policy holders still waiting to feel benefits of insurance reforms

Eighteen months on from the Judicial Council report, little progress has been made on the cost of business insurance, while motorists are waiting for greater cuts to their premiums

Commercial property

Aviva Investors acquires Dublin city centre hotel building

The property is scheduled for completion at the end of this year, and has been pre-let to Premier Inn under a long-term lease

Government shelves rescue fund for bailed-out insurers that could have led to costly levy

The state now plans to help shape a European proposal aimed at protecting policy holders in the event of an insurer going to the wall

Commercial property

Aviva fund boss: ‘We try to sweat the assets more than our competitors’

Suzie Nolan, head of fund management at Aviva, says sustainability is a key focus of the €650 million-plus fund, which is now about to launch the ultra-modern office building 18 Lower Leeson Street in Dublin 2

‘FIFA is hosting a World Cup in Qatar while tweeting support for LGBT’ — Jack Dunne

The Leinster rugby star says action means more than words from corporations and organisations showing support for LGBT people

End of an era as Coppinger Row restaurant to close

The acclaimed Dublin eatery will shut up shop on December 31 in the wake of landlord Aviva’s decision to develop the building