Aviva Investors, has completed the sale of York Designer Outlet and East Midlands Designer Outlet in the United Kingdom as part of a strategic disposal by its Real Estate Active LTAF (REALTAF).
The sale represents a positive return on the assets and enables Aviva Investors to redeploy capital into long-term, high-conviction sectors, including single-family housing and urban logistics. Aviva Investors is aiming to increase its investment in the U.K.’s living sector to more than 25 percent of its overall real estate portfolio, building on its U.K. single-family housing platform, which has funded more than 1,500 new homes, comprising a portfolio of more than £1 billion ($1.4 billion).
Aviva Investors has owned York and East Midlands retail outlets since 2006, and both have delivered sustained long-term performance. The sale of both sites will crystallize that performance and enable capital to be recycled.
Comprising 120 units and 250,000 square feet, York Design
