Aviva Investors adds German logistics warehouse to Perpetual Capital portfolio
Aviva Investors has acquired a newly developed logistics hub located in the Kitzingen region of Bavaria, Germany, from Scannell Properties.
The building, which is situated in the ConneKT Logistics Park, was completed in July 2023 and is fossil fuel free, offering nearly 12,000 square meters (129,000 square feet) of warehousing space. It is fully pre-let to an online retailer on a 15-year lease and is located strategically, with access to the A3 and A7 motorway networks running east to west and north to south across Germany.
Building on Aviva Investors’ continued focus to decarbonize its real estate portfolio, the building also possesses strong sustainability credentials. As well as being fossil fuel free and using a district heating network connection, it is targeting an EPC A rating and a Deutsche Gesellschaft für Nachhaltiges Bauen (DGNB) Gold classification, considered one of the leading sustainability certification systems for buildings.
“We are pleased