Aviva Investors has acquired the 125,000 sq ft Trilogy Park in Hampshire for an undisclosed price.
Located in Segensworth Business Park, Trilogy Park comprises three industrial units spread over a 5.8-acre site. All three units are fully let and are currently undergoing an extensive refurbishment programme to upgrade their specification, including the addition of a mezzanine level to Unit 3 and the extension of current office space to create ‘HQ-style’ premises.
Trilogy Park is located just 10 miles from Portsmouth and Southampton ports and sits adjacent to the M27 and A27 motorway networks.
James Stevens, head of real estate investment at Aviva Investors, said: “The acquisition of Trilogy Park shows our continued ability to make opportunistic purchases, and reflects our appetite for good quality, multi-let industrial assets with a reversionary income profile.
“The park sits in a well-established location for manufacturing and international distribution, which we expect to benefit from continued occupier demand going forward. We believe this makes it a valuable addition to our investment portfolio.”
