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Aviva Investors acquires £25m retail park

Written by Michael Griffiths
08/07/2024

Aviva Investors has completed the acquisition of Brunel Retail Park in Reading for £25m.

The retail park consists of six modern retail units including two restaurants and is spread over 8.3 acres.

Aviva Investors, the asset management business of Aviva, suggested the deal was another example of its ability to make “strategic purchases of assets that have faced sharp repricing over the last 18 months”.

Head of real estate investment at Aviva Investors, James Stevens, said: “With units let to well-established retail tenants with strong covenants, it is a prime retail park in an attractive micro-location.

“We believe it provides good tenant diversification and spreads income risk, all of which should help to provide long-term performance in our portfolio.”


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