Aviva partners with property developer Stories to fund €113m in UK community projects

Aviva has partnered with property developer, Stories, to invest £100 million (€113 million/$119 million) in U.K. real estate and infrastructure projects that will benefit local communities and promote social and environmental sustainability.

The joint venture is the first funding commitment from Aviva Capital Partners (ACP), Aviva’s new in-house capital unit which originates infrastructure assets using Aviva group capital.

Aviva and Stories will work with landowners and institutions like universities, the NHS, local authorities and charities, to provide the funding needed to deliver major projects from inception to completion. The investments will focus on projects producing community facilities such as affordable accommodation, key worker accommodation and university buildings.

“Aviva is using its financial strength to invest in the U.K. infrastructure and real estate. Our joint venture with Stories will create opportunities for new sustainable property