Showing posts with label Aviva. Show all posts
Showing posts with label Aviva. Show all posts

Friday, April 26, 2024

News: Leading accident repair group planning Rotherham centre

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Plans have been approved for a new Solus Vehicle Accident Repair Centre in Rotherham.

Solus is wholly owned by Aviva and operates a nationwide network of vehicle damage repair centres. It repairs and manages the loss of vehicles after a driving accident or incident, managing a third of Aviva’s overall motor damage claims.

The new site is set to be at the Catalyst development on the part of Sheffield Business Park which is in the Rotherham borough boundary, close to the Parkway.

With over 20 sites in the UK, the expansion is part of Aviva’s strategy to support customers by increasing the number of claims managed from start to finish.

Plans show how the 22,000 sq ft Unit 5 at Catalyst would utilise the warehouse unit as a vehicle repair centre which relies on the ability to undertake cosmetic repairs to bodywork, including re-spraying paintwork. As such prefabricated spay booths require installing inside, with new extract flues added. Outside, a new wet and dry valet enclosure is proposed, as is a new compressor room.

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The plans add that Solus are looking to employ 25 full time staff positions, but possibly up to 30 as the business develops.

Recently approved without going before Rotherham Council's planning board, some conditions have been attached, including a restriction in operating hours given the potential for noise distrubance in the proximity of the hotel on the business park.

The Catalyst development has been built on a 17.9-acre site that was previously kept in the green belt when Sheffield City Airport was in operation. Developer's Premcor Estates, together with joint venture partner Peveril Securities sold the development for an undisclosed sum last year.

Premcor and Peveril concluded the deal to forward sell the scheme to Mirastar, KKR Real Estate's industrial and logistics platform in Europe, having structured the deal in such a way that they undertook construction while Mirastar took on its own marketing and search for occupiers.

Occupiers include surfaces specialist, Cosentino, who took 33,608 sq ft, with JLA Group, a market leader in the supply and maintenance of commercial equipment, taking 109,166 sq ft.

Solus website

Images: Solus / Mirastar

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Thursday, February 27, 2014

News: Aviva acquires Capita call centre for £30.5m

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Aviva Investors' Lime Property Fund has purchased the long leasehold interest in Capita Park, Rotherham for in excess of £30.5m from a private investor.

Capita, the UK's leading outsourcing company, purchased Ventura and the Manvers site in 2011. In two buildings at Brookfield's Park, Capita has capacity for 2,000 staff and operates a number of contracts including British Gas, William Hill and RSPCA.

Aviva Investors is the global asset management business of Aviva plc. With a portfolio of over 50 properties, its Lime Property Fund reached the milestone of £1 billion in assets under management last year.

An open-ended Jersey Property Unit Trust investing in property in the UK, the fund targets secure, inflation-linked income streams, with low volatility of returns. It was created to meet the growing demand of UK pension funds wanting to invest in lower-risk property assets with the aim of offering an investment return in excess of that available from investing in fixed income assets.

Let to Capita on a long lease, the building was last sold in 2011 to another private investor for £22m. The passing rent then was £2.1m per annum.

Renos Booth, manager of the Lime Property Fund, said: "Having reached the £1bn assets under management threshold for the fund in 2013, we continue to invest in high quality secure property investments and the fund moves from strength to strength in its ability to secure appropriate long term income streams for our clients."

Hanover Green acted for Aviva Investors and the deal follows on from Legal & General's purchase of the adjacent Capita House in 2012 for £23.165m.

Capita also operates a contact centre at the Dearne Valley site on behalf of Telefonica and O2 and last year The Telegraph reported that Capita had plans to close customer service facilities in Bury and Glasgow and reduce the number of roles in Rotherham from 2,000 to 730 in 2015.

In November, Capita announced that over 500 jobs in its Dearne Valley and Leeds call centres would be created in the following months.

Aviva Investors website
Capita website

Images: Capita

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