Aviva Investors, the global asset management business of Aviva plc, announces it has acquired three industrial units in Hampshire, known collectively as Trilogy Park.
Located in Segensworth Business Park and part of Concorde Way, a well-established and important industrial location on the South Coast of England, the three units together provide more than 125,000 sq ft of space spread over 5.8 acres and are currently fully-let.
All three units are currently undergoing an extensive refurbishment programme to upgrade their specification, including the addition of a mezzanine level to Unit 3 and the extension of current office space to create an ‘HQ-style’ premises.
Trilogy Park is well-located, being just ten miles from both Portsmouth and Southampton ports, whilst also sitting adjacent to both the M27 and A27 motorway networks.
James Stevens, Head of Real Estate Investment at Aviva Investors, said:
“The acquisition of Trilogy Park shows our continued ability to make opportunistic purchases, and reflects our appetite for good quality, multi-let industrial assets with a reversionary income profile. The park sits in a well-established location for manufacturing and international distribution, which we expect to benefit from continued occupier demand going forward. We believe this makes it a valuable addition to our investment portfolio.”
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