Swip Property trust acquires £260m Aviva portfolio

Swip's Gerry Ferguson has started to use cash reserves, purchasing a £260m property portfolio from Aviva Investors.

Ferguson says his £1.4bn Property trust has been actively investing in prime properties across the UK since May. "We've taken advantage of high liquidity in the trust to purchase quality assets for the fund and our latest acquisition represents a well-diversified 12-property portfolio," he says. "With prime assets across each of the main property sectors, this portfolio purchase is in line with our strategy of securing core, quality property with long secure income." Showing a net yield in the region of 7%, the portfolio includes retail warehouse parks in Beckton and Reading along ...