Aviva Investors, the global asset management business of Aviva plc, announces it has completed the acquisition of the Triple Two Centre, a multi-unit distribution hub situated in Beckenham, Southeast London.
The Triple Two Centre provides over 112,000 sq ft of logistics space and comprises 10 units, ranging from 5,146 sq ft to 37,559 sq ft in size. It is located on a site of almost 4.5 acres, with a 0.2-acre plot at the entrance to the estate which is currently undeveloped.
One of few trade counters in the area, the Triple Two Centre is well-situated to provide access both locally and regionally, with the South Circular A205 nearby, a direct connection via the A222 to Central London, and multiple junctions to the M25 providing access to the M20, M23 and wider motorway network.
James Stevens, Head of Real Estate Investments at Aviva Investors, said:
“We are pleased to complete what is an opportunistic purchase in the market, but one which we believe represents good value for our portfolio. It is also a further example of how we are using our position as a strategic buyer to capitalise on our appetite for well-located and prime industrial assets, in good micro-locations and benefitting from strong occupier demand. We believe that all these attributes should lead to the centre delivering a positive long-term investment outcome for our investors.”
