Aviva Investors Pulls Planned Float of Real Estate Investment Trust
December 13 2017 - 4:56AM
Dow Jones News
By Adam Clark
Aviva PLC (AV.LN) said Wednesday that its investment unit has
decided to abandon the planned initial public offering of a new
real estate investment trust.
Aviva Investors Secure Income REIT said it has made the decision
not to proceed with an initial public offering due to insufficient
demand, but added it will consider the possibility of a float at a
later date.
In November, the company said it intended to raise 200 million
pounds ($267 million) to invest in commercial real-estate assets in
the U.K.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
December 13, 2017 04:41 ET (09:41 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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