Aviva Investors secures green financing for London logistics hub

Aviva Investors has finalised a green loan of nearly £32 mln (€37.5 mln) to fund the construction of a new 10,219 m2, sustainable logistics warehouse in Enfield, North London.

Nick Solomon

The financing, provided through Aviva Investors' Multi-Sector Private Debt Long-Term Asset Fund, aligns with Green Loan Principles and supports Valor Real Estate Partners' development. 
The completed facility will feature an "A+" EPC rating and a BREEAM "Outstanding" certification.
The urban logistics warehouse will be located to the east of Enfield town centre and sits just 35-minutes from Central London. 
Nick Solomon, director, Real Estate Debt, at Aviva Investors, said: “We are pleased to complete this financing and extend our relationship with Valor, a sponsor with a strong track record in the logistics sector. The scheme is located in an established and strategically important location with high demand for modern, high-quality units. We believe this positions it well to deliver long-term outcomes for investors.”
Miles Muthu, VP, Capital Markets at Valor, added: “We are very pleased to secure this financing from Aviva to deliver a best-in-class, sustainable urban logistics facility in one of London’s prime sub-markets. This commitment further underlines the attractiveness of last-mile logistics for institutional investors, with e-commerce and urbanisation continuing to underpin occupational demand and land availability in urban areas limiting future supply.”