Aviva Investors, the global asset management business of Aviva plc, announces it has completed the acquisition of Brunel Retail Park in Reading.

Consisting of six modern retail units and including two restaurants, Brunel Retail Park offers more than 117,000 sq ft of lettable space, with units ranging from 1,009 sq ft to 35,500 sq ft. It is currently home to a number of household names including Halfords, Pets at Home, B&M, Homes Bargains, Dreams and The Range.

The Park is spread over 8.3 acres and located two miles south of Reading town centre, with Central London just 40 miles to the east. It benefits from convenient transport connections, offering close access to the M4 motorway and subsequent national road networks, including the M25 and A33.

James Stevens, Head of Real Estate Investment at Aviva Investors, said: “Brunel Retail Park is another example of our ability to make strategic purchases of assets that have faced sharp repricing over the last 18 months. 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.”