Aviva Investors acquires distribution center for €159m

Aviva Investors, the global asset management business of Aviva, has completed the acquisition of a distribution unit in Hams Hall, one of the Midland’s premier logistics parks, for £139 million (€159.25 million/$192.92 million).

The distribution center is leased to Sainsbury’s on a 25-year lease with five-yearly rental reviews linked to increases in RPI and comprises 783,000 square feet of floor space spanning more than 50 acres. The site has three structures: a main building, which provides ambient and chilled storage facilities; a vehicle maintenance unit; and a resource recovery unit, which provides a waste return facility.

Situated near Birmingham and in close proximity to both the M6 toll and M42, with the M1 and M5 motorways also within easy reach, the park also benefits from Hams Hall’s Rail Freight Terminal, a premier intermodal facility connecting Hams Hall with deep and short-sea traffic to and from the Felixstowe and Southampton ports, as well as th