AVIVA said yesterday it was committed to having a base in Perth after acquiring the freehold on the Pitheavlis building where 1,300 of the insurance company’s employees work.
The lease was due to expire at the end of next year and the company decided to buy the building following a review of its property requirements from 2015.
Ian Ferguson, an underwriting officer based in the city, said: “The purchase of the Pitheavlis building confirms Aviva’s ongoing commitment to Perth.
“This purchase meets Aviva’s immediate financial needs whilst providing long-term benefits. This is a sensible, sustainable purchase that supports our financial targets.
“The quality of our staff in Perth was another hugely compelling factor in choosing to remain here.”