Slate to acquire Morrisons Regional Distribution Center from Aviva Investors.

Slate Asset Management, a global alternative investment platform, agreed to acquire Morrisons Regional Distribution Center, a distribution facility in the Southwest UK, from Aviva Investors, a British multinational insurance company. Financial terms were not disclosed. “This property meets all the key criteria we look for in income-generating essential real estate investments. It’s a modern, sustainably built facility underpinned by a leading national grocer. The property’s strategic location makes it uniquely well positioned to efficiently distribute everyday goods to millions of consumers. It’s an exciting acquisition for us in the UK, where we continue to actively evaluate opportunities across the essential real estate sector,” Brady Welch, Slate Co-Founding Partner.