Aviva Investors and Capital & Continental today announce they have commenced the building of an eight-level office tower in the St-Ouen district bordering Paris.
Aviva Investors and Capital & Continental today announce they have commenced the building of an eight-level office tower in the St-Ouen district bordering Paris.
The 14,000 square metre commercial property, with 249 parking spaces, is in a highly visible location bordering the “Périphérique” (the ring road of Paris). On the other side, the building has views over the Parc François Mitterand, a garden leading to the entrance of the RER railway station.
The building will be one of the first new developments with a Paris address to meet such high sustainability standards (HQE high environmental quality and BBC low consumption building).
The development, for which the funding is ungeared, is scheduled for completion in February of 2012. The building represents an investment being made on behalf of Aviva's UK life funds.
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For more information contact:
Angela Warburton
Corporate Affairs
+44 (0)20 7809 8618
angela.warburton@avivainvestors.com
Notes to editors:
Aviva Investors
Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 15 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management in excess of £248 billion at 30 June 2010.
Aviva plc
Aviva is the world’s sixth largest1 insurance group, serving 53 million customers across Europe, North America and Asia Pacific.
Aviva’s principal business activities are long-term savings, fund management and general insurance, with worldwide total sales2 of £45.1 billion and funds under management of £379 billion at 31 December 2009.
1 Based on gross worldwide premiums at 31 December 2009.
2 Based on 2009 published life and pensions PVNBP on an MCEV basis, total investment sales and general insurance and health net written premiums, including share of associates’ premiums.