Morley, the fund manager, is poised to announce a significant expansion into Asian real estate with plans to spend £5bn ($10bn) on property in the next four years. It is understood the group, part of Aviva, the insurance company, will switch a large proportion of its assets under management towards the faster-expanding economies of Asia. Morley is one of the biggest property investors in the UK, alongside insurance rival Prudential and listed companies such as Land Securities and British Land.

This entry was posted by Gwen Robinson on Thursday, April 26th, 2007 at 5:40 and is filed under Capital markets, M&A. Tagged with aviva, morley. Edit this entry.