Aviva Investors acquires distribution park in Leicestershire

(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has completed the purchase of Leicester Distribution Park (“LEDP”), an industrial and logistics asset spanning more than 713,500 sq ft. The eight-unit scheme is fully-let and was developed in three phases between 2017 and 2022

Aligning with Aviva Investors’ continued focus on sustainability, LEDP benefits from strong ESG credentials. Seven of the eight units have been given an EPC A rating, with the final unit currently under review, whilst all units possess BREEAM Very Good ratings.

LEDP benefits from excellent connectivity, being located just 3.5 miles to the east of Leicester City centre and adjacent to the M1 motorway, the UK’s most important logistics corridor and the primary north-south freight route, as well as its proximity to the M6 and A14.

As part of the transaction, Aviva Investors has also acquired a freehold site directly to the east of the asset, which currently provides a 220-space car park with potential for future development.

James Stevens, Head of Real Estate Investments at Aviva Investors, said:

“This is another example of our ability to act quickly as a strategic buyer whilst also increasing weighting to the highly performing industrial sector. Given the size, quality and location of the asset, this was a rare opportunity to acquire a prime industrial asset located in one of the UK’s premier industrial and logistics markets. With proven occupier demand and the reversionary income potential on offer, we expect it to add good long-term value and performance for our clients.”

For more information contact:

Steve Ainger

Head of Media Relations

James Morgan

Media Relations Manager

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Issued by Aviva Investors Global Services Limited, registered in England No. 1151805. Registered Office: St Helen’s, 1 Undershaft, London, EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority.

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 £223 billion in assets under management as at 31 December 2022.

AVIVA PLC

Notes to editors:

·        We are one of the UK’s leading Insurance, Wealth & Retirement businesses and we operate in the UK, Ireland and Canada. We also have international investments in India, China and Singapore.

·        We help our 18.7 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we’ll be there to put it right.

·        We have been taking care of people for more than 325 years, in line with our purpose of being ‘with you today, for a better tomorrow’. In 2022, we paid £23.2 billion in claims and benefits to our customers.

·         Aviva is a market leader in sustainability. In 2021, we announced our plan to become Net Zero by 2040, the first major insurance company in the world to do so. This plan means Net Zero carbon emissions from our investments by 2040; setting out a clear pathway to get there with a cut of 25% in the carbon intensity of our investments by 2025 and of 60% by 2030; and Net Zero carbon emissions from our own operations and supply chain by 2030.  Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition and action at www.aviva.com/sustainability

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Aviva Investors Global Services Limited

St Helen’s, 1 Undershaft, London, EC3P 3DQ

Phone          +44 (0)20 7809 6000

Fax                +44 (0)20 7489 7940

Web              www.avivainvestors.com

Email           info@avivainvestors.com

 

Issued by Aviva Investors Global Services Limited, registered in England No. 1151805.

Registered Office: St Helen’s, 1 Undershaft, London, EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority and a member of the Investment Association.

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