Select your client type BE, English About Responsibility Capabilities Views Contact Search English About us Company news Aviva Investors acquires Sainsbury’s distribution centre in Birmingham for £139 million 16 February 2021 (London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has completed the acquisition of a distribution unit in Hams Hall, one of the Midland’s premier logistics parks, for £139 million. The distribution centre is let to Sainsbury’s on a 25-year lease with five-yearly rental reviews linked to increases in RPI and comprises 783,000 sq ft of floor space spanning over 50 acres. The site has three structures; a main building which provides ambient and chilled storage facilities; a vehicle maintenance unit; and a resource recovery unit, which provides a waste return facility. Situated near Birmingham and in close proximity to both the M6 toll and M42, with the M1 and M5 motorways also within easy reach, the park also benefits from Hams Hall’s Rail Freight Terminal, a premier intermodal facility connecting Hams Hall with deep and short-sea traffic to and from the Felixstowe and Southampton ports, as well as the Channel Tunnel on a daily basis. It sits within the ‘Golden Triangle’, an area recognised for its strong transport links and the ability for businesses to reach a significant portion of the UK consumer market from the region, and forms a crucial element of Sainsbury’s distribution network, supplying nearly 200 supermarkets and convenience stores across the Midlands,. Both long-lease real estate and logistics assets featured prominently in Aviva Investors’ 2021 Real Assets House View, which combines analysis from across real estate, infrastructure and private debt, and provides a foundation from which the Real Assets business can make relative-value decisions regarding multi-asset allocations. Kris McPhail, Director, Real Estate Long Income, at Aviva Investors, said: “We are pleased to add this distribution centre to our portfolio. Whilst long income assets have performed well over the past year in challenging market conditions, causing some crowding-in for smaller assets, we believe larger properties are better-positioned to deliver positive outcomes. With its strong location, this property is well-placed for national distribution whilst also being well-served by major international ports. The addition of a rail freight facility provides a cost-efficient means of transport which can transport heavier payloads faster whilst also reducing overall emissions. Coupled with a high-quality and creditworthy tenant, it continues our strategy of seeking prime assets that we believe provide offer best relative value and can provide our investors with attractive levels of long-term, inflation-linked returns.” Aviva Investors was advised by Cushman and Wakefield. For more information contact: James Morgan Media Relations Manager Phone +44 20 7809 6745 Email james.morgan@avivainvestors.com Steve Ainger Head of Media Relations Phone +44 20 7809 8452 Email steve.ainger@avivainvestors.com Important information The information and opinions contained in this document are for use by the financial press and media only. No reliance may be placed for any purpose on the information or opinions contained in this document nor should they be seen as advice. The press release is provided on the basis that Aviva Investors Global Services Limited is not causing the communication of a financial promotion under exemption of the Financial Promotion Order, as Aviva Investors Global Services Limited has no control over the way in which an article based on this press release is prepared and published by the financial press and media. Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as at 16 February 2021. Unless stated otherwise any views, opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature. The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. Issued by Aviva Investors Global Services Limited, registered in England No. 1151805. Registered Office: St Helen's, 1 Undershaft, London, EC3P 3DQ Authorised and regulated by the Financial Conduct Authority. Aviva Investors Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £346 billion in assets as at 30 June 2019. AVIVA PLC For information on how Aviva is helping our people, customers and communities impacted by COVID-19 visit: www.aviva.com/covid-19-our-response/ Aviva is a leading international savings, retirement and insurance business. We exist to be with people when it really matters, throughout their lives – to help them make the most of life. We have been taking care of people for more than 320 years, in line with our purpose of being ‘with you today, for a better tomorrow’. Our vision is to earn our customers’ trust as the best place to save for the future, navigate retirement and insure what matters most to them. In 2019, we paid £33.2 billion in claims and benefits on behalf of our 33.4 million customers. We will focus on the UK, Ireland and Canada where we have leading market positions and significant potential. We will invest for growth in these markets. Our International businesses in Europe and Asia will be managed for long-term shareholder value. We will also transform our performance and improve our efficiency. Our transformation will be underpinned by managing our balance sheet prudently, reducing debt and increasing our financial resilience. Total group assets under management at Aviva group are £522 billion and our Solvency II capital surplus is £12.0 billion (HY20). Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index. For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us The Aviva newsroom at www.aviva.com/newsroom includes links to our image library, research reports and our news release archive. Sign up to get the latest news from Aviva by email. You can follow us on Twitter: You can follow us on LinkedIn: www.linkedin.com/company/aviva-plc For the latest corporate films from around our business, subscribe to our YouTube channel: We have a Globelynx system for broadcast interviews. Please contact the Press Officer noted above if you would like to make a booking. 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