Aviva Investors has acquired a 210,000 sq ft at Suttons Business Park in Reading.
The building on the A4 London Road has been let to food distribution company Brakes since it was built.
The building has and EPC B rating and BREEAM certification of Very Good. Aviva says it has scope for solar panels and a decked car park in future.
John Stevens, head of Real Estate Investment for Aviva Investors, said: “We are very pleased to have acquired Unit 24, the largest facility at Suttons Business Park. Urban distribution and logistics hubs have remained in high demand, reflecting a permanent structural shift in the use of real estate.
“The repricing of real estate markets during the second half of 2022 represented an opportunity to increase our exposure to prime assets in this sector and deliver increased adjusted returns to our investors.”
Aviva Investors was advised by DTRE.
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