Tritax Big Box REIT is a British real estate investment trust (REIT) investing in "Big Box" distribution centres. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.[2]
History
The company is managed by Tritax, a property management business, formed in 1995.[3] It was the subject of an initial public offering raising £200 million in November 2013.[4] 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.[5] Addition funds were raised through placings in February 2016 and in September 2016.[6]
In February 2024, the company announced it had reached a merger agreement with UK Commercial Property REIT.[7][8] The transaction received shareholder approval on 2 May 2024,[9] allowing it to proceed to completion.[10]
Operations
The company owns a distribution centre in Sherburn-in-Elmet leased to Sainsbury's,[11] a distribution centre near Barlborough leased to Tesco[11] and a Marks & Spencer distribution centre in Leicestershire.[4] 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.[5] The company valued its portfolio at £4.8 billion as at 31 December 2023.[1]
External links
References
- Annual Results 2025 Tritax Big Box REIT, retrieved 27 February 2026^
- Ashtead Group (UK): Transfer of Listing Category – Update: Changes in FTSE UK Index Series FTSE Russell, 25 February 2026, retrieved 27 February 2026^
- Newgate Communications advising on IPO of Tritax Big Box REIT Newgate Communications, 12 November 2013, retrieved 14 June 2015^
- Tritax targets big returns Shares Magazine, 12 November 2013, retrieved 14 June 2015^
- Trust Insider: the £1bn appeal of Tritax Big Box Reit 3 November 2015, retrieved 24 April 2017^
- Tritax to raise £150m Investos Chronicle, 28 September 2016, retrieved 24 April 2017^
- Tom Howard. Warehouse owner Tritax agrees £4bn merger deal The Times, 2024-02-12, retrieved 2024-02-12^
- Joshua Oliver. Tritax Big Box and UKCM agree £900mn takeover deal www.ft.com, 12 February 2024, retrieved 2024-02-12^
- Tritax Big Box REIT and UKCM merger wins shareholder approval Property Week, retrieved 15 May 2024^
- Tritax Big Box REIT (UK): Merger with UK Commercial Property REIT Limited (UK) - Update: Changes in FTSE UK Index Series 13 May 2024, retrieved 15 May 2024^
- Tritax Big Box REIT Says On Course For Steady Income Growth Morningstar, Inc., 19 May 2014^