Aviva Investors abandons IPO plans for Secure Income REIT

Had targeted a £200m IPO

Aviva Investors has decided not to proceed with the launch of its Secure Income REIT due to insufficient demand at the current time.

The group was aiming to raise as much as £200m for the REIT via an IPO, in addition to a cornerstone investment of up to 25% from the parent company. Renos Booth, head of real estate long income at Aviva Investors who was set to manage the trust, said: "We would like to thank all the institutional investors and intermediary retail platforms who took the time to meet with management.   "We will give consideration to reactivating the proposed IPO at a later date." When plans for the IPO were first announced in November, the group said the trust will invest in a portfolio of long-leas...