Aviva purchases Chester block
Aviva Investors Property Trust has reportedly bought a retail and office block in Chester next to the Grosvenor Shopping Centre for £20m.
The deal reflected a net initial yield of 6.4% and is the first purchase made by the trust in two years.
Aviva's portfolio includes a mix of shopping centres, high street retail, retail parks, industrial estates, business parks and leisure schemes throughout the UK. Well-known North West assets include the Triangle shopping centre in Manchester.