Aviva Irish Commercial Property Fund

Award-winning Aviva Ireland Property team with a strong track record

The Aviva Irish Commercial Property Fund provides clients with access to a professionally managed portfolio of Irish commercial real estate that would typically be difficult for individual investors to access directly. 

The Fund invests across a range of property sectors and seeks to deliver long-term returns through a combination of rental income and capital appreciation. Managed by Aviva's experienced in-house property team in Dublin, the Fund follows a core-plus investment strategy that combines investment in quality commercial assets with active asset management initiatives designed to enhance value over time.

Risk rating

5

as at 01 October 20261

Properties c. 80 leases/licences

€ .4m

Fund size

€ .5m

Rental income with 5.7% yield

.3yrs

Weighted average unexpired lease term

Please see our Your Investment Guide for more information on the operation, risks, and benefits of investing in these Funds.

Source: Aviva Life & Pensions Ireland DAC to 30 September 2026.

Asset mix

Figure 1: Sector allocation

Figure 2: Occupancy status

Source: Aviva Life & Pensions Ireland DAC to 30 September 2026

Percentages have been rounded and therefore may not total exactly 100%.

Aviva Life & Pensions Ireland DAC has a responsibility to treat all customers fairly and equitably. Due to net outflows from the Aviva Irish Commercial Property Fund, a temporary suspension of redemptions remains in place.

If clients reach their normal retirement age or are currently taking a regular withdrawal during this period, they will continue to have access to their retirement benefits and existing regular withdrawals (at the current level), as normal. During this period, redemption instructions from the Fund may be deferred for up to six months, in line with policy conditions. 

   

Reasons to invest:

  • Expertise: The multi-award-winning Fund is managed in Ireland by  our in-house team, which has significant property acquisition, asset management, and development experience.
  • Active management: The Fund is actively managed with the aim of maximising returns in the Fund for customers.
  • Value for money: A cost-effective way to access an actively-managed portfolio of Irish commercial properties.

 

Fund details

Gross Fund Performance Show more Show less

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Key Features Show more Show less

  • Diversified portfolio of high-quality Irish commercial real estate, primarily in Dublin.
  • The Fund follows a ‘core-plus’ strategy which involves;
    • Investing in quality core properties in the retail, office and industrial sectors.
    • Adding value to properties through active asset management – for example redevelopment, refurbishment, lease negotiations and letting vacant space.
  • The Fund has been determined to comply with the requirements of Article 8 of the Sustainable Finance Disclosure Regulation in that it promotes environmental and social characteristics2.
  • Achieved a 4-Star GRESB rating, reflecting strong ESG and sustainability performance against a leading global real estate benchmark.
  •  Standard annual fund charge3.

SFDR Designation Show more Show less

We have classified the Aviva Irish Commercial Property Fund  as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR). This means the Fund promotes environmental and/or social characteristics as part of its investment approach but does not have a sustainable investment objective3. 

As investment manager, Aviva Life & Pensions Ireland DAC incorporates sustainability considerations into the management of the Fund, including responsible asset management practices and the consideration of environmental, social and governance (ESG) factors where relevant. The Fund's sustainability characteristics are supported through active property management and ongoing engagement with tenants and other stakeholders.

Key documents

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Key Information Documents (KIDs)

Fund Support Library

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Video library

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Warnings

 

Warning: If you invest in a pension, you will not have access to your money until you retire.
Warning: If you invest in this product you may lose some or all of the money you invest.
Warning: The income you earn from this investment may go down as well as up.
Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.

1.  We recognise that investing in funds involves a range of risks, including operational, market, counterparty, and liquidity risks. A key and more visible risk for investors is fund volatility, which can impact the value of investments over time.

We use the ESMA risk rating methodology as the primary, industry-standard measure of this volatility. Funds are monitored against these ratings on an ongoing basis. In certain cases, we may apply a higher, qualitative risk rating where additional considerations, such as liquidity constraints or increased potential for loss, support a more prudent assessment of the overall risk profile.

Risk ratings are stated as at 01 October 2026 and may change over time. For further information, please see the Your Investment Guide.

2. This Fund Charge is made up of:

- a fund management charge which is deducted daily from the unit price of the fund(s); and

- a plan management charge which is taken monthly by deduction of units from the value of your fund(s). If you are invested in more than one fund, this charge will be taken proportionately across the range of funds in which the policy is invested.

The Fund Charge applying to your client’s fund(s) will be shown on their policy schedule. Where a fund invests in another fund(s), additional charges may apply. These charges may vary depending on the specific investments in each fund. Where these charges are applied, they are reflected in the unit price. As a result, the overall charge may be higher than shown in the product documentation.

3. Aviva Life & Pensions Ireland DAC (ALPI) acts as product manufacturer and investment manager for this fund and is responsible for determining the fund’s SFDR classification, including any Article 8 designation, as well as for all associated sustainability disclosures and governance.

ALPI is responsible for the integration of sustainability-related considerations, including stewardship activities and the promotion of certain characteristics, in line with the fund’s investment strategy and internal oversight processes.

ALPI retains full accountability for compliance with the Sustainable Finance Disclosure Regulation (SFDR), including the classification of the fund and the preparation and ongoing review of all related regulatory disclosures.

Funds classified as Article 8 promote certain sustainability characteristics but do not have a sustainable investment objective. This classification is not a rating, recommendation, or endorsement, and does not indicate the performance or overall sustainability profile of the fund.

SFDR classifications and supporting methodologies may evolve over time as regulatory guidance develops and investment approaches are refined. There is no guarantee that the fund will consistently meet its promoted characteristics.

This information is a summary and does not constitute the full SFDR disclosure for the fund.

Further information on sustainability-related risks, SFDR disclosures and important limitations is available in the Aviva Sustainability Hub and in the relevant fund documentation, including the Your Investment Guide. Brokers should ensure clients review these materials before making any investment decision.

 

Aviva Life & Pensions Ireland Designated Activity Company, is a private company limited by shares, registered in Ireland No. 165970. Registered office at Building 12, Cherrywood Business Park, Loughlinstown, Co. Dublin, D18 W2P5. Tel (01) 898 7950, www.aviva.ie

Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland.