Aviva Investors has acquired a major logistics hub near Birmingham for £139 million.
The 783,000 sq ft distribution centre in Hams Hall is let to Sainsbury's on a 25-year lease with five-yearly rental reviews.
The site, which spans 50 acres, has three structures - a main building which provides ambient and chilled storage facilities, a vehicle maintenance unit and a resource recovery unit for the return of waste.
Nearly 200 supermarkets and convenience stores across the Midlands are supplied from the park.
Kris McPhail, director of real estate long income at Aviva Investors, said: "We are pleased to add this distribution centre to our portfolio.
"While long-income assets have performed well over the past year in challenging market conditions, causing some crowding in for smaller assets, we believe larger properties are better-positioned to deliver positive outcomes.
"With its strong location, this property is well-placed for national distribution while also being well-served by major international ports.
"Coupled with a high-quality and creditworthy tenant, it continues our strategy of seeking prime assets that we believe offer best relative value and can provide our investors with attractive levels of long-term, inflation-linked returns."
Aviva Investors was advised by Cushman and Wakefield.
