Aviva Investors Lime Property Fund has purchased the long leasehold interest in Capita Park, Rotherham for in excess of £30.5m from a private investor. The property is let on a long lease to Capita for use as a call centre, neighbouring another similar property occupied by the same tenant. The property fits the Lime Fund’s investment criteria, where undoubted covenant’s, with annual rental uplifts and a long lease offer secure property returns.
Renos Booth, Lime Property Fund Manager comments: “Having reached the £1bn AUM threshold for the fund in 2013, we continue to invest in high quality secure property investments and the fund moves from strength to strength in its ability to secure appropriate long term income streams for our clients”.
Hanover Green acted for Aviva Investors.