Aviva Investors completes final lettings at Uxbridge industrial park

(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has completed two lettings at Uxbridge Industrial Park, meaning the site is now fully let less than a year after completion.

Together, the two deals represent approximately 171,000 sq ft of industrial and distribution warehouse space. Unit UX1, which covers 134,000 sq ft of distribution space, and UX2, a 37,000 sq ft unit, have each been let on ten-year leases. Terms were agreed on a third unit prior to its completion last year.

Aviva Investors completed a £32.7m development funding agreement in September 2017 to speculatively develop three units, with the build completing in October 2018. The scheme adds to an existing cluster of holdings in West London, which continues to be a long-term core market for the business.

Colliers International and JLL acted for Aviva Investors.

Alastair Wakefield, Associate Director, Real Estate at Aviva Investors, said:

“Demand continues to be strong in the industrial and logistics sector across West London and the South East. The success at Uxbridge Industrial Park is testament to that and we are delighted to have secured lettings on the final two units of this scheme. The development represents a continuation of our focused strategy of developing a portfolio of high-quality assets in core locations that offer strong returns potential for our clients."

Patrick Rosso, Director, Industrial & Logistics, Colliers International, said:

“For both UX1 and UX2 to let so quickly upon completion is further proof of the depth of demand and the strength of the market around Uxbridge and West London. With average void periods now at an all-time low in this area, good quality, well-located Grade A stock is more sought after than ever.”

For more information contact:

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James Morgan

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Steve Ainger

Media Relations Manager

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Rob Davies

Head of PR and Thought Leadership

Important information:

The information and opinions contained in this document are for use by the financial press and media only. No reliance may be placed for any purpose on the information or opinions contained in this document nor should they be seen as advice.  

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Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as at 4 July, 2019.  Unless stated otherwise any views, opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature.  The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. 

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Aviva Investors

Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £331 billion as at 31 December 2018.

AVIVA PLC

  • Aviva provides life insurance, general insurance, health insurance and asset management to 33 million customers.
  •  In the UK we are the leading insurer serving one in every four households and have strong businesses in selected markets in Europe, Asia and Canada. Our shares are listed on the London Stock Exchange and we are a member of the FTSE100 index.  
  • Aviva’s asset management business, Aviva Investors, provides asset management services to both Aviva and external clients, and currently manages £331 billion in assets. Total group assets under management at Aviva group are £490 billion.
  • Aviva helps people save for the future and manage the risks of everyday life; we paid out £34.6 billion in benefits and claims in 2017.
  • By serving our customers well, we are building a business which is strong and sustainable, which our people are proud to work for, and which makes a positive contribution to society.