Aviva agrees commercial property management deal

Cushman & Wakefield has sealed a major commercial property management agreement with Aviva Investors Property Trust, it has been announced.

The property firm has been granted a mandate to manage Aviva's UK portfolio, which includes a range of shopping centres, high street and retail sites, as well as business and leisure parks.

Around 70 properties are included in the portfolio, which has a total of 539 tenancies and an annual rent roll of £83.8 million.

Philip Neil, fund manager at Aviva Investors, said: "We are very pleased to have made this appointment and feel that the energy, innovation and focus of Cushman & Wakefield's team would be a great move for the Fund at this point in time."

The appointment is to take effect from the start of next year.

Last month, it was announced that George Roberts is to join Cushman & Wakefield as head of its London occupier team.