Aviva Investors acquires industrial unit in Beckenham

(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has completed the acquisition of the Triple Two Centre, a multi-unit distribution hub situated in Beckenham, Southeast London.

The Triple Two Centre provides over 112,000 sq ft of logistics space and comprises 10 units, ranging from 5,146 sq ft to 37,559 sq ft in size. It is located on a site of almost 4.5 acres, with a 0.2-acre plot at the entrance to the estate which is currently undeveloped. 

One of few trade counters in the area, the Triple Two Centre is well-situated to provide access both locally and regionally, with the South Circular A205 nearby, a direct connection via the A222 to Central London, and multiple junctions to the M25 providing access to the M20, M23 and wider motorway network.

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

“We are pleased to complete what is an opportunistic purchase in the market, but one which we believe represents good value for our portfolio. It is also a further example of how we are using our position as a strategic buyer to capitalise on our appetite for well-located and prime industrial assets, in good micro-locations and benefitting from strong occupier demand. We believe that all these attributes should lead to the centre delivering a positive long-term investment outcome for our investors.”

For more information contact:

Steve Ainger

Head of Media Relations

James Morgan

Media Relations Manager

Important information

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The press release is provided on the basis that Aviva Investors Global Services Limited is not causing the communication of a financial promotion under exemption of the Financial Promotion Order, as Aviva Investors Global Services Limited has no control over the way in which an article based on this press release is prepared and published by the financial press and media.

Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as 21 September 2023. 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.

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.

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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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