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Aviva USA Selects West Des Moines Site For New U.S. Headquarters.


Project to Result in $135-150 Million Initial Investment and Hundreds of New Jobs Contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress"
contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent
 State and Local Approvals

DES MOINES, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation).
Des Moines (pronounced /dɪˈmɔɪn/ in English,
 -- Aviva USA, the U.S. unit of London-based Aviva plc, the world's fifth largest insurance group, announced today that it has entered into an agreement to acquire 71 acres of undeveloped land in West Des Moines, Iowa West Des Moines is a city in Polk, Dallas, and Warren counties in the U.S. state of Iowa. As of the 2000 census, the city population was 46,403; a special census taken in the spring of 2005 counted 51,744 residents.  as the potential site for its new U.S. headquarters facility. The project is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress"
contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent
 successful completion of the development process and receipt of state and local approvals. Assuming requisite approvals are received, Aviva USA will consolidate its operations from the company's three current locations in downtown Des Moines Des Moines, city, United States
Des Moines (dĭ moin`), city (1990 pop. 193,187), state capital and seat of Polk co., S central Iowa, at the junction of the Des Moines and Raccoon rivers; inc.
 to the new West Des Moines West Des Moines (də moin`), city (1990 pop. 31,702), Polk co., S central Iowa, a growing suburb W of Des Moines; inc. 1893 as Valley Junction, renamed 1938. Products manufactured there include cement, metal items, and pumps.  site in early 2010. The 71-acre parcel is located on the southwest corner at the intersection of Jordan Creek Jordan Creek may refer to the following:
  • Jordan Creek (Oregon), a tributary of the Owyhee River
  • Jordan Creek (Pennsylvania), a tributary of the Lehigh River
 Parkway and Mills Civic Parkway.

"Our expected investment of $135 to $150 million demonstrates our commitment to the Greater Des Moines area as the hub of our growing U.S. operations," said Thomas C. Godlasky, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Aviva North America. "In the past seven months we have added approximately two hundred jobs and we expect to add at least four hundred more high quality jobs here in the Greater Des Moines area over the next three years if state and local approvals are received."

Aviva USA worked closely with The Staubach Company, a nationally-known commercial real estate advisory firm, Knapp Properties, Inc., the company's local commercial real estate experts, and Commercial Midwest, a local commercial real estate firm, to evaluate more than 25 sites in the Greater Des Moines area and explored opportunities in other states as well.

"We currently have selected the site in West Des Moines as the future base for our U.S. operations because it best accommodates our business needs, provides flexibility to support our long term growth plans, allows for increased operational efficiencies and is the most cost-effective solution," Mr. Godlasky said.

It is expected that Aviva USA's decision to build a facility in West Des Moines will generate substantial economic benefits for the Greater Des Moines area through employee wages and salaries, tax revenues, construction costs of the new facility and future investments.

"We are delighted that Aviva has selected West Des Moines for its new national headquarters," said Steven K. Gaer, Mayor of West Des Moines. "Their decision will benefit the Greater Des Moines community today and for years to come."

"We welcome Aviva's announcement that it will build its U.S. operations headquarters in central Iowa. This is very good news and is a testament to our state's top notch workforce, favorable business climate and qualify of life," said Iowa Department of Economic Development Director Michael Tramontina. "Iowa's insurance industry continues to grow, creating high quality career opportunities for Iowa workers."

Aviva expects to close on the acquisition of the West Des Moines site later this year and shortly thereafter will begin construction of a 360,000 square foot corporate campus. Construction is expected to be completed by the end of 2009 or early in 2010.

Aviva will work to complete the planning and development for this new corporate campus with The Staubach Company, Knapp Properties and two architectural firms who have been selected by the company for this project-- SVPA SVPA Shore Vinson Parkhill ANDVT  Architects, Inc. and HKS HKS Harvard Kennedy School (John F. Kennedy School of Government at Harvard University; Cambridge, MA)
HKS Hrvatski Košarkaški Savez (Croatian Basketball Federation)
HKS Silver Hake
HKS Hong Kong Standard
, Inc.

Aviva's current headquarters and national operations occupy three different leased locations in downtown Des Moines: 611 5th Avenue, Capital Square and the Hub Tower on Walnut Street. In addition, the company currently has locations in Woodbury, New York Woodbury is the name of some places in the U.S. state of New York:
  • Woodbury, Nassau County, New York
  • Woodbury, Orange County, New York
, Topeka, Kansas, Indianapolis, Indiana and Quincy, Massachusetts.

About Aviva

Aviva is the leading provider of life and pensions to Europe with substantial positions in other markets around the world, making it the world's fifth largest insurance group based on gross worldwide premiums as of December 31, 2006. Aviva's principal global business activities are long-term savings, fund management and general insurance, with worldwide total sales of PS41.5 billion and assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing.  of PS364 billion at December 31, 2006.

In 2006, Aviva grew its existing U.S. presence by acquiring AmerUs Group, a national leader in indexed annuities and indexed life insurance. Nationally, Aviva USA is ranked number one in sales of indexed life insurance and number two in sales of indexed annuities.

Aviva USA had $38.4 billion in assets as of June 30, 2007. Aviva's US employees are committed to helping customers meet their long-term savings, insurance and retirement income needs. www.avivausa.com
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Publication:Business Wire
Date:Aug 29, 2007
Words:742
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