Business

Aviva commits to £100m London offices

The scheme will create a mixed-use office campus alongside a set of boutique retail facilities

Aviva Investors, the global asset management arm of Aviva, has announced a £100m Southbank offices investment.

The Bermondsey Yards complex will comprise two adjacent sites that include existing commercial buildings on Bermondsey Street and a former leather warehouse.

The scheme, which is being co-developed alongside Sellar, will create a mixed-use office campus alongside a set of retail facilities.

Daniel McHugh, managing director of real estate at Aviva Investors, said: “Our objective is to create an office campus that not only provides best-in-class facilities for its customers, but which is also environmentally sustainable, as we continue to decarbonise our portfolio and support the transition to a low-carbon economy. 

“We believe this should ultimately offer a good degree of resilience in the portfolio over the long-term.”

The development intends to “embrace the new ways of working” through a focus on flexible spaces and spacious environments.

Moreover, James Sellar, CEO at Sellar, said that the additional boutique amenities will prove “very appealing” for both businesses and their staff members.

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