Aviva Irish Property Fund

Irish Property Fund Series M invests in the Aviva Irish Commercial Property Fund, giving exposure to a range of Irish commercial properties. The fund is spread across retail, office, industrial and alternative property sectors. It also holds some cash alongside property assets.

Irish Property Fund Series M is actively managed by Suzie Nolan and a local property team with significant acquisition, asset management and development experience. The fund follows a core-plus style, which generally means it seeks a mix of stable core property income and selective opportunities to add value through active management. Its portfolio includes well-known Irish assets such as Blackrock Village Centre, 60/61 Grafton Street and Greenogue Business Park.

Irish Property Fund Series M has an Irish geographic focus and is invested across Dublin and the rest of Ireland. Many of its holdings are in Dublin, including addresses in Blackrock, Ballsbridge, Merrion Road and Grafton Street, but it also holds property outside the capital, such as the Globe Retail Park in Naas and Greenogue Business Park in Rathcoole. This gives investors exposure to both the Dublin market and wider Irish commercial property.

Irish Property Fund Series M carries market fluctuations, liquidity, counterparty, derivatives and currency risks. Market fluctuations mean the value of the property holdings can rise or fall, while liquidity risk means it may be harder to sell assets or meet redemptions quickly when needed. The fund also had redemptions temporarily suspended for some requests received after 5.30pm on 31 October 2023, which highlights the practical impact of liquidity pressure.

Irish Property Fund Series M incorporates ESG and sustainability into asset management and investment decision-making. The fund is compliant with Article 8 of SFDR, which means it promotes environmental or social characteristics rather than focusing purely on financial return. Investors looking for a property fund with ESG considerations may find that relevant.