Aviva Investors has completed the purchase of two retail assets in the south of England, acquiring Hedge End Retail Park in Southampton, alongside the separate purchase of an Asda superstore in Hayes, Middlesex.
The two deals continue Aviva Investors’ desire to act as a strategic buyer of real estate assets that can offer strong long-term rental growth in client portfolios.
Spanning more than 100,000 square feet and split between four retail warehouse units on an eight-acre site, Hedge End Retail Park is in an established retail cluster east of Southampton. The retail park houses several well-known names, including Currys, Lidl and Pets At Home. It is well located for local, regional and national transport, adjacent to the M27 and M3 road networks. Aviva Investors plans to improve the Park’s sustainability credentials through the addition of electric vehicle-charging points across the estate, adding to existing measures that include solar panels on two units and a
