Aviva Investors acquires three-unit industrial asset in Hampshire

(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has acquired three industrial units in Hampshire, known collectively as Trilogy Park.

Located in Segensworth Business Park and part of Concorde Way, a well-established and important industrial location on the South Coast of England, the three units together provide more than 125,000 sq ft of space spread over 5.8 acres and are currently fully-let.

All three units are currently undergoing an extensive refurbishment programme to upgrade their specification, including the addition of a mezzanine level to Unit 3 and the extension of current office space to create an ‘HQ-style’ premises.

Trilogy Park is well-located, being just ten miles from both Portsmouth and Southampton ports, whilst also sitting adjacent to both the M27 and A27 motorway networks.

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

“The acquisition of Trilogy Park shows our continued ability to make opportunistic purchases, and reflects our appetite for good quality, multi-let industrial assets with a reversionary income profile. The park sits in a well-established location for manufacturing and international distribution, which we expect to benefit from continued occupier demand going forward. We believe this makes it a valuable addition to our investment portfolio.”

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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: 80 Fenchurch Street, London, EC3M 4AE. 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 £227 billion in assets under management as at 31 December 2023..

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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·         As at 31 December 2022, total Group assets under management at Aviva Group were £352 billion and our estimated Solvency II shareholder surplus is £8.7 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.

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Aviva Investors Global Services Limited

80 Fenchurch Street, London, EC3M 4AE

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: 80 Fenchurch Street, London, EC3M 4AE. Authorised and regulated by the Financial Conduct Authority and a member of the Investment Association.

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