Aviva Investors adds German logistics warehouse to Perpetual Capital portfolio

(London) – Aviva Investors, the global asset management business of Aviva plc, announces it 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 sq m of warehousing space. It is fully pre-let to an online retailer on a 15-year lease, whilst being 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 decarbonise 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.

George Fraser-Harding, Head of European Funds, Real Estate, at Aviva Investors, said:

“We are pleased to continue the growth of our European real estate strategy with this strategic acquisition of a core asset in Bavaria. Let to a high-quality tenant on a multi-year lease and well-positioned geographically, the hub complements and diversifies our existing portfolio of logistics assets in continental Europe, whilst its sustainability credentials should make it an attractive proposition well into the future. All of this will contribute to delivering positive long-term performance for our investor clients.”

For more information contact:

Steve Ainger

Head of Media Relations

James Morgan

Media Relations Manager

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Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as 21 September 2023. Unless stated otherwise any views, opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature. The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested.

Issued by Aviva Investors Global Services Limited, registered in England No. 1151805. Registered Office: St Helen’s, 1 Undershaft, London, EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority.

Aviva Investors

Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with £218 billion in assets under management as at 30 June 2023..

AVIVA PLC

Notes to editors:

·        We are one of the UK’s leading Insurance, Wealth & Retirement businesses and we operate in the UK, Ireland and Canada. We also have international investments in India, China and Singapore.

·        We help our 18.7 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we’ll be there to put it right.

·        We have been taking care of people for more than 325 years, in line with our purpose of being ‘with you today, for a better tomorrow’. In 2022, we paid £23.2 billion in claims and benefits to our customers.

·         Aviva is a market leader in sustainability. In 2021, we announced our plan to become Net Zero by 2040, the first major insurance company in the world to do so. This plan means Net Zero carbon emissions from our investments by 2040; setting out a clear pathway to get there with a cut of 25% in the carbon intensity of our investments by 2025 and of 60% by 2030; and Net Zero carbon emissions from our own operations and supply chain by 2030.  Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition and action at www.aviva.com/sustainability

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Aviva Investors Global Services Limited

St Helen’s, 1 Undershaft, London, EC3P 3DQ

Phone          +44 (0)20 7809 6000

Fax                +44 (0)20 7489 7940

Web              www.avivainvestors.com

Email           info@avivainvestors.com

 

Issued by Aviva Investors Global Services Limited, registered in England No. 1151805.

Registered Office: St Helen’s, 1 Undershaft, London, EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority and a member of the Investment Association.

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