Aviva Investors to finance Welsh college developments

Written by Michael Griffiths

02/04/2025

Aviva Investors has completed an investment to finance the construction of two new campus developments at Cardiff and Vale College.

The investment has been made by Aviva Investors, the asset management business of Aviva,
on behalf of its insurance, wealth and retirement (IWR) business.

Cardiff and Vale College is one of the largest further education institutions in the UK, with around 30,000 full time students. Aviva has estimated that once built, the two complexes would provide specialised education facilities for nearly 3,000 students each year.

The two new campus buildings will be constructed at two separate sites, with the Barry Waterfront Campus close to the centre of the town, and the Advanced Technology Centre (ATC) located near Cardiff Airport. Aviva is expecting both sites to be operational in time for the 2027/2028 academic year.

Chief investment officer at Aviva, Ashish Dafria, commented: “As one of the largest investors into projects around the UK, we know the importance that these schemes can have in nurturing future talent and growth, and we’re delighted to support the development.

“ATC will offer courses designed to meet the needs of employers in advanced technologies and green skills, so this is a great opportunity to invest in educational facilities that equip students with skills to help the businesses of tomorrow get ready for the future.”

Managing director, infrastructure at Aviva Investors, Darryl Murphy, added: “This is another example of how we are able to use our investment activity to support delivery of a scheme which we think will deliver considerable social benefits for the local community and beyond, whilst also contributing towards long-term investment outcomes for savers.”

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