(London) – Aviva Investors, the global asset management business of Aviva plc, has announced it has acquired Phase 300, a more-than 111,000 sq ft multi-unit industrial asset located at Centennial Park in Elstree, Hertfordshire.
It is the third investment Aviva Investors has made at the Park, building on its previous acquisitions of the adjacent Phase 100 and Phase 200, which together account for approximately 230,000 sq ft of industrial warehouse and distribution space.
Phase 300 comprises a total of 12 units ranging from 5,017 sq ft to 16,758 sq ft, which together provide more than 115,000 sq ft of gross external area, alongside separate loading areas and 279 parking spaces.
Home to more than 50 businesses and including hotel, gym and café facilities, Centennial Park borders the main conurbations of Watford and Borehamwood, and is one of premier satellite logistics hubs in the South East. It is situated on junction four of the M1 motorway, lies adjacent to the A41, and is just six miles from the M25, offering excellent access to national transport networks, whilst also being just 13 miles from Central London.
James Stevens, Head of Real Estate Investments at Aviva Investors, said:
“We have remained a strategic buyer throughout 2023, enabling us to make opportunistic purchases such as this off-market deal, and grow our presence in core locations across the UK. This is our third asset at Centennial Park, which has high occupancy rates, an HQ-style layout, and first-class transport link into London and nationally. With plans for significant residential development in the local area, we regard its future prospects highly and believe we now have a compelling portfolio of assets at the Park which can deliver excellent long-term value for our investor clients.”
For more information contact:
Steve Ainger
Head of Media Relations
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Phone
020 7809 8452
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Email
steve.ainger@avivainvestors.com
James Morgan
Media Relations Manager
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Phone
020 7809 6745
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Email
james.morgan@avivainvestors.com
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.
· 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.
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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
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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