Aviva Investors Aviva Investors acquires £25 million retail park in Reading

(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has completed the acquisition of Brunel Retail Park in Reading.

Consisting of six modern retail units and including two restaurants, Brunel Retail Park offers more than 117,000 sq ft of lettable space, with units ranging from 1,009 sq ft to 35,500 sq ft. It is currently home to a number of household names including Halfords, Pets at Home, B&M, Homes Bargains, Dreams and The Range.

The Park is spread over 8.3 acres and located two miles south of Reading town centre, with Central London just 40 miles to the east. It benefits from convenient transport connections, offering close access to the M4 motorway and subsequent national road networks, including the M25 and A33.

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

“Brunel Retail Park is another example of our ability to make strategic purchases of assets that have faced sharp repricing over the last 18 months. With units let to well-established retail tenants with strong covenants, it is a prime retail park in an attractive micro-location. We believe it provides good tenant diversification and spreads income risk, all of which should help to provide long-term performance in our portfolio.”

For more information contact:

Steve Ainger

Head of Media Relations

James Morgan

Media Relations Manager

Important information

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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.

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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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