Aviva Investors joins our 'Making of the Modern City' forum
Above: Ed Atterwill (courtesy Aviva Investors)
Future Cities Forum is delighted that Ed Atterwill from Aviva Investors will be talking about the future for investment in office design and development, at our 'Making of the Modern City' forum this November. He will be speaking in particular about sustainability strategies for workspace campuses around transport hubs.
Ed joined Aviva Investors from British Land, where he worked for over five years and was responsible for creating and executing strategies for key assets across the company’s Central London portfolio, focused on delivering best in class office campuses. He was previously a Senior Valuer with Cluttons, working closely with a variety of global institutions and private investors.
Aviva Investors, the global asset management business of Aviva plc ('Aviva'), announced last February that it had formed a joint venture partnership with Allianz, managed on its behalf by Allianz Real Estate as parts of its ongoing development project of new mixed-use retail and office buildings at 1 Liverpool Street and 101 Moorgate in the City of London.
The Partnership will see Aviva Investors and Allianz Real Estate develop the two buildings, which together sit at the heart of the Crossrail development site in the City, bookending the eastern and western entrances of the new Elizabeth line station at Liverpool Street station, following a development agreement originally entered into by Aviva Investors with Transport for London (TfL) in 2019.
1 Liverpool Street sits opposite the eastern entrance of the new Elizabeth line at Liverpool Street station and above the new Crossrail infrastructure at Liverpool Street station, which will complete the west end of Liverpool Street. Once complete, it will provide 176,000 square feet of leasable office and retail space, spread over the ground and upper ten floors.
101 Moorgate occupies a prominent site in the City of London, close to the junction with London Wall and opposite the entrance to Finsbury Circus. It will deliver over 73,000 square feet of office and retail space over its ground and six upper floors.
In-line with Aviva Investors’ commitment to reaching net zero across the entirety of its c.£47 billion Real Assets platform by 2040 and Allianz Real Estate’s target of reducing carbon emissions across its portfolio by 25% by 2025 whilst being carbon net-zero by 2050, the two sites will be developed with environmental and sustainable credentials front-and-centre of their design. Both buildings will target a BRREAM ‘Outstanding’ rating, the highest certification that can be achieved when assessing the sustainability performance of a building through BREEAM’s third-party certification scheme, whilst also meeting Carbon Risk Real Estate Monitor’s (CRREM) decarbonisation pathway requirements and being compliant with EU Taxonomy.
The collaboration with Allianz Real Estate at Liverpool Street and Moorgate extends Aviva Investors’ partnerships programme with real estate investment managers and large, international, like-minded capital allocators seeking to benefit from Aviva Investors’ investment capability and expertise. In August last year, Aviva Investors partnered with PSP Investments, one of Canada's largest pension investment managers, to acquire a portfolio of offices located around Hoxton Square in the Shoreditch area of London, which was the fifth investment made together by the two firms since 2015.