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Aviva Investors develops new outlet in Cannock

07 December 17 - RE+D Magazine
Aviva Investors develops new outlet in Cannock

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Aviva Investors has partnered with other investors to commit over €181,1million to help develop a new outlet in Cannock, in the West Midlands region of England.

 

The joint venture has been formed by McArthurGlen Group, U+I, Rioja Developments, Aviva Investors on behalf of Aviva Life and Pensions, and The Richardson Family.

McArthurGlen said Designer Outlet Cannock will comprise over 26,500sqm of gross leaseable space across two phases and including improvements to the road infrastructure.

The project will be developed and built by McArthurGlen, U+I and Rioja Developments, and once it is completed, McArthurGlen will manage the centre.

According to realassets.ipe.com, construction of Phase I will begin in the early part of 2018, delivering over 80 stores and the opening is planned for spring 2020.

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