Aviva Plc Norfolk

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16/09/2019

Aviva Plc Norfolk


The property is a well located and modern office building known as Willow House, situated in Broadlands Business Park, Norwich, East Anglia, and is occupied by Aviva plc. Willow House was constructed in 2006 for Aviva's occupational requirements and is a detached, free-standing office building. The 62,724 sqft high-quality, A-grade office accommodation is arranged over ground and three upper floors with 294 dedicated on-site car parking spaces. Norwich is the principal administrative and commercial centre of East Anglia, and Broadlands Business Park is widely regarded as Norwich's premier out-of-town location, home to a number of UK national and international occupiers. Norwich is the largest insurance centre in Europe outside of London with major occupiers including Aviva, Marsh and Swiss Re. Aviva is the largest insurance Group in the United Kingdom and the largest private sector employer in Norwich, having had an influential presence in the city for more than 220 years and employing over 5000 people. Aviva has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index.


Use Detached, free-standing office building, arranged over ground and three upper floors
Size 62,724 square foot
Tenant Aviva Central Services Limited (Guarantor Aviva Insurance Limited)
Lease expiry 31 December 2029
Acquisition yield 6.31%
Type of lease Fully repairing and insuring (ie tenant responsible for all operating costs). 5 yearly open market review, upwards only