Aviva Investors and the Canadian pension fund Public Sector Pension Investment Board have agreed to invest up to £250 million ($323 million) in commercial property in Cambridge. Aviva Investors and PSP Investments in 2015 invested in a portfolio of commercial properties in central London, currently worth over £400 million ($516 million).
Melanie Collett, head of real estate asset management, Aviva Investors Real Assets, said, “The Cambridge commercial property market benefits from strong cluster effects, with businesses supported by incubator and innovation spaces, strong knowledge sharing in local networks and a wealth of employable graduates. We continue to see high demand for space from many global firms, with cutting-edge technology and business services firms among the occupiers in our properties as we create leading locations that cater to businesses, communities and individuals.”
Aviva Investors and PSP Investments view Cambridge as one of the United Ki
