Skip to content
Subscriber Only

JPMorgan Asset Management Buys Aviva’s Asia Real Estate Book

Updated on

JPMorgan Chase & Co.’s asset-management unit acquired Aviva Plc’s real estate investment business in Australia, Japan and Singapore as it seeks to expand in the Asia Pacific area.

JPMorgan will add Aviva’s real estate team of about 50 people in the region, the New York-based bank said today in a statement. Aviva’s multimanager property strategies in Asia Pacific weren’t affected by the transaction, according to the bank, which didn’t disclose terms.