IA UK Direct Property
Open Ended Investment Company
The Fund aims to provide a combination of income and growth over the long term (5 years or more), by investing in UK property. The Fund is structured as a Property Authorised Investment Fund. The investment objective of the Fund is to carry on Property Investment Business and to manage the cash raised from investors for investment in the Property Investment Business. At least 70% of the Fund will be directly invested in UK property (in normal market conditions), which will mainly consist of commercial properties (such as offices, shops and shopping centres, distribution hubs and warehouses), although other types of property may also be held (such as student accommodation, hotels, residential property). The Fund may also invest indirectly in property through partnerships, companies, property-related shares, or other funds (including funds managed by Aviva Investors companies).
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