Aviva Investors, the global asset management business of Aviva plc, has made an “opportunistic purchase” of the Triple Two Centre, a multi-unit distribution hub, in Beckenham, Southeast London.
The Triple Two Centre at Tannery Close provides over 112,000 square feet of logistics space and comprises 10 units, ranging from 5,146-37,559 square feet. It is on a site of almost 4.5 acres,. A 0.2-acre plot at the entrance to the estate 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. The South Circular A205 is nearby, with 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, says, “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.”
The image of Tannery Close is from Google Maps.
