Global asset manager Aviva Investors has acquired a site less than a mile from Ipswich town centre in the UK, with planning for the development of over 163 family homes.
The acquisition is part of Aviva Investors’ strategy to continue to grow its UK single-family rental platform in partnership with Packaged Living, the specialist UK Build-to-Rent (BtR) developer.
Spanning 7.66 acres along the north bank of the River Orwell and situated opposite Ipswich train station, the community is expected to comprise a mix of two-bed, three-bed, and four-bed homes which together will provide almost 160,000 sq ft of housing once complete.
It is one of several residential developments currently being undertaken by Aviva Investors including the construction of 195 affordable and energy-efficient homes in the West Midlands, as well as two schemes in Spain; a 71-home project in the Sants district of Barcelona and 85 units in the La Gripia district of Catalonia.
George Fraser Harding, head of European Funds at Aviva Investors, said: ‘We have high ambitions to continue growing our portfolio of Build-to-Rent homes in the UK and across Europe, and it is great to expand our partnership with Packaged Living further.’
