Aviva property fund grows by €65m despite €45m setback
Overall increase over three years is attributed to rise in value of portfolio and focus on assets with long leases
The value of Aviva’s Irish Property Fund has grown by €65 million over the three years to January 20 despite the revaluation of properties on a disposal basis following requests from some customers for redemption of their investments.
The change in valuation policy saw a reduction of €45 million in the fund value from €415.08 million at end December 2019 to €370 million at the end of January 2020.
The fund attributed the earlier increase over...
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