• Aviva Newcastle exit

Aviva Investors has sold the Hilton Newcastle Gateshead for more than the GBP36m guide price, to the Universities Superannuation Scheme. The 254 room hotel was completed in 2004 on a site overlooking Newcastle city centre.

Aviva forward funded the development of the hotel. The investor took the opportunity of a recent strengthening of the regional UK market, to take profits from its investment.

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