Aviva Investors, the global asset management business of Aviva plc, announces it has completed the purchase of Leicester Distribution Park (“LEDP”), an industrial and logistics asset spanning more than 713,500 sq ft. The eight-unit scheme is fully-let and was developed in three phases between 2017 and 2022.

Aligning with Aviva Investors’ continued focus on sustainability, LEDP benefits from strong ESG credentials. Seven of the eight units have been given an EPC A rating, with the final unit currently under review, whilst all units possess BREEAM Very Good ratings.

LEDP benefits from excellent connectivity, being located just 3.5 miles to the east of Leicester City centre and adjacent to the M1 motorway, the UK’s most important logistics corridor and the primary north-south freight route, as well as its proximity to the M6 and A14.

As part of the transaction, Aviva Investors has also acquired a freehold site directly to the east of the asset, which currently provides a 220-space car park with potential for future development.

James Stevens, Head of Real Estate Investments at Aviva Investors, said:“This is another example of our ability to act quickly as a strategic buyer whilst also increasing weighting to the highly performing industrial sector. Given the size, quality and location of the asset, this was a rare opportunity to acquire a prime industrial asset located in one of the UK’s premier industrial and logistics markets. With proven occupier demand and the reversionary income potential on offer, we expect it to add good long-term value and performance for our clients.”