Aviva Investors 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 10,870m2 of lettable space, with units ranging from 93.7m2 to 3,296m2. 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 3.4ha and located about 3.2km south of Reading town centre, with Central London c. 64km 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.”
Image source - Pexels.
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