Tritax Big Box REIT

Tritax Big Box REIT is a British real estate investment trust investing in "Big Box" distribution centres.

WWW tritaxbigbox.co.uk 𝕏 tritaxbigbox

History

The company is managed by Tritax, a property management business, formed in 1995. It was the subject of an initial public offering raising £200 million in November 2013. It raised a further £150 million in July 2014, a further £110 million in November 2014 and a further £175 million in March 2015 as well as a £500 million lending facility. Addition funds were raised through placings in February 2016 and in September 2016.
In February 2024, the company announced it had reached a merger agreement with UK Commercial Property REIT. The transaction received shareholder approval on 2 May 2024, allowing it to proceed to completion.

Operations

The company owns a distribution centre in Sherburn-in-Elmet leased to Sainsbury's, a distribution centre near Barlborough leased to Tesco and a Marks & Spencer distribution centre in Leicestershire. It also owns properties leased to Next plc, Morrisons, DHL Express, Rolls-Royce, L'Oréal, Kuehne + Nagel, Ocado, Dunelm Group, Howdens Joinery and T.K. Maxx. The company valued its portfolio at £4.8 billion as at 31 December 2023.