Overview
Tritax Big Box REIT is a UK incorporated Real Estate Investment Trust focused on delivering income and capital returns to shareholders through investment in Big Box logistics assets in the United Kingdom.
Fundamentals
Price
Research History
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11 Feb 2021 9 min read
QuotedData’s Real Estate Roundup – February 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the chart below. The UK’s vaccination programme has lifted optimism for a speedier opening of the economy than first feared at the start of the year. Property companies that reported positive valuation figures for the […]
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22 Jan 2021 16 min read
QuotedData’s Real Estate Annual Review – 2020
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]
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17 Dec 2020 16 min read
QuotedData’s Real Estate Roundup – December 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]
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16 Oct 2020 11 min read
QuotedData’s Real Estate Quarterly Review – Q3 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]
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09 Oct 2020 14 min read
QuotedData’s Real Estate Roundup – October 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. There was an eclectic mix of property companies to feature in the top price movers for September. Top of the tree was private rented sector and residential development specialist Sigma Capital Group, […]
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10 Sep 2020 12 min read
QuotedData’s Real Estate Roundup – September 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. There were some interesting price rises during the month of August as investors’ search for returns took them to property companies that have seen their share prices severely depressed during the Covid-19 […]
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16 Jul 2020 10 min read
QuotedData’s Real Estate Quarterly Review – Q2 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments A polarised lens The covid-19 pandemic continued to wreak havoc in the real estate in the second quarter, but a polarisation of sectors and funds has started to become apparent. Companies focused on the retail, leisure and hospitality property sectors had already seen huge negative […]
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08 Jul 2020 2 min read
QuotedData’s Property Summer Conference – week 1
COVID-19 is creating havoc in some parts of the property sector but others are thriving. On Wednesday 8th July we held the first of our summer property webinars where the managers of Aberdeen Standard European Logistics Income, TR Property Investment Trust, Schroder Real Estate Investment Trust, LondonMetric Property and Tritax Big Box REIT gave presentations on their fund, the property sector […]
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07 Jul 2020 16 min read
QuotedData’s Real Estate Roundup – July 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]
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19 Jun 2020 2 min read
QuotedData’s weekly roundup 19 June 2020
James Carthew’s weekly news roundup show for Friday, 19 June, covers investing in batteries, Tritax Big Box REIT’s new shed for Amazon, the potential demise of Gabelli Value Plus+ (we always hated the ‘+’), why Lindsell Train’s managers should have taken the performance fee that they earned and European Opportunities big loss on Wirecard. It also […]
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07 May 2020 15 min read
QuotedData’s Real Estate Roundup – May 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Following two months of heavy falls as the covid-19 pandemic took hold and the UK was put on lockdown, many property companies saw a bounce in their share price in April, although […]
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07 Apr 2020 15 min read
QuotedData’s Real Estate Roundup – April 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Property stocks took a hammering in March as the covid19 pandemic took hold. The UK was put on lockdown to stop the spread of the coronavirus resulting in the enforced closure of […]
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10 Mar 2020 16 min read
QuotedData’s Real Estate Roundup – March 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]
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30 Jan 2020 16 min read
QuotedData’s Real Estate Annual Review – 2019
Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]
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24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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20 Dec 2019 20 min read
Industrial property market – The gift that keeps on giving
Industrial property market – the gift that keeps on giving The industrial and logistics sector has been on a tremendous run over the past five years or so. It is hard to think now, given the current dynamics in the property industry, that retail and offices were the sectors of choice for investors for many […]
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20 min read
Industrial property market – The gift that keeps on giving
Industrial property market – the gift that keeps on giving The industrial and logistics sector has been on a tremendous run over the past five years or so. It is hard to think now, given the current dynamics in the property industry, that retail and offices were the sectors of choice for investors for many […]
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18 Sep 2019 9 min read
QuotedData’s Real Estate Roundup – September 2019
Real Estate Roundup Performance data August’s biggest movers in price terms are shown in the chart below. The month of August has traditionally been a quiet period for news and announcements in the property sector, and this year is no different. Central London landlord Shaftesbury, which owns Carnaby Street as well as huge swathes of […]
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11 Sep 2019 4 min read
QuotedData’s investment companies roundup – September 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite for risk was generally down in August, as […]
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08 May 2019 4 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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15 Apr 2019 8 min read
Quarterly Investment Companies Roundup – First Quarter 2019
Quarterly Investment Companies Roundup – First Quarter 2019 QuotedData news Through the first quarter of 2019, global equities largely clawed back the losses suffered over the final weeks of 2018. How much longer this ten-year bull market can sustain itself is the subject of much debate. US interest rate rises have stalled, reflecting growing cautiousness. Elsewhere, […]
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12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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14 Sep 2018 2 min read
QuotedData’s Economic round up – September 2018
QuotedData’s Economic round up – September 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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15 Aug 2018 2 min read
QuotedData’s investment companies roundup – August 2018
QuotedData’s investment companies roundup – August 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in July Tritax EuroBox raised its maximum target of £300 million in an […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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11 May 2018 1 min read
QuotedData’s investment companies roundup – May 2018
QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]
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18 Apr 2018 1 min read
QuotedData’s investment companies roundup – April 2018
QuotedData investment companies roundup – April 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2018. Kindly sponsored by Baillie Gifford. Stock markets have suffered their first meaningful fall for nearly two years. At the quarter end, […]
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07 Feb 2018 2 min read
QuotedData investment companies roundup – February 2018
QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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12 Oct 2017 1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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14 Sep 2017 2 min read
QuotedData’s economic round up – September 2017
QuotedData’s economic round up – September 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to […]
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03 Aug 2017 2 min read
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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14 Jun 2017 2 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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1 min read
QuotedData’s round up of views on the global economy – April 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
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15 Mar 2017 1 min read
QuotedData investment companies roundup – March 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
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13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
News
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29 Jan 2021 2 min read
QD view – Timing just right for Big Box
Timing is everything in property, and it looks as though Tritax Big Box REIT has got it spot on again with its foray into development. Having launched in 2013, when the logistics sector was seen as the ugly cousin of the glamourous retail sector, the group foresaw the online shopping revolution way before anybody else. It […]
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28 Jan 2021 1 min read
Tritax Big Box collected 99% of rent in 2020
Tritax Big Box REIT has collected 99% of rent for 2020, it has announced in a quarterly business update. The group said the remaining 1% was subject to deferral arrangements and due to be collected by mid-2021. For the current quarter, the group has so far collected 93%, which it expects to increase to 100% […]
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14 Jan 2021 1 min read
Tritax Big Box reports portfolio valuation uplift of 8%
Tritax Big Box REIT has reported a like-for-like increase in the value of its portfolio of around 8% in the six months to the end of December 2020. The group said the second half of 2020 saw a significant increase in the value of prime, larger scale, UK logistics real estate assets let to high calibre occupiers […]
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2 min read
QuotedData’s morning briefing 14 January 2021
In QuotedData’s morning briefing 14 January 2021: Polar Capital Global Financials has published a circular to convene a meeting on 1 February at which shareholders will be asked to approve the issue of up to 70,375,000 shares from treasury without pre-emption (first offering them to existing shareholders). The shares will be issued at a premium and […]
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09 Dec 2020 2 min read
Aberdeen Standard Investments acquires 60% stake in Tritax Management
Aberdeen Standard Investments (ASI) is set to acquire a 60% interest in Tritax Management, the fund manager behind Tritax Big Box REIT and Tritax EuroBox. The move by ASI comes as it looks to strengthen its offering in the growing logistics real estate market. Tritax specialises in logistics and has around £5.1bn assets under management […]
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27 Nov 2020 3 min read
QD view – Black Friday boon for logistics
It is that time of year again – Black Friday. The US export has quickly become one of the biggest shopping days in the UK. But with shops closed due to lockdown, it will almost entirely take place online this year. It is estimated that £6bn will be spent on Black Friday this year versus […]
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23 Nov 2020 2 min read
QuotedData’s morning briefing 23 November 2020
In QuotedData’s morning briefing 23 November 2020: US Solar Fund says that all 41 projects in its portfolio, totaling 443MWDC, are now fully operating and generating revenue. The final project, the 128MWDC Milford plant in Utah, reached the commercial operations date under its power purchase agreement (PPA) on 19 November, on-time and under-budget – saving $4m […]
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13 Nov 2020 1 min read
Tritax Big Box makes £44m part cash, part shares acquisition of logistics hub
Tritax Big Box REIT has bought a logistics facility let to Tesco for £44.2m, funded through cash and the issue of new shares to the vendor. The group has acquired the temperature controlled distribution unit in Southampton from a “UK real estate fund” at a net initial yield of 5.24%. The £44.2m acquisition will be […]
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16 Oct 2020 3 min read
QD view – Rent collection nuggets
Fourth quarter rent collection figures have been coming in thick and fast over the past week or so and overall they show a general improvement on collection rates during the COVID-19 pandemic. There are a few nuggets to come from the announcements so far. The first thing to say is that collection rates have improved […]
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12 Oct 2020 1 min read
Logistics heavyweights post positive rent collection figures
Logistics focused property companies Tritax Big Box REIT and LondonMetric Property both announced positive rent collection figures today. Tritax Big Box REIT said it had received 89% of rent for the fourth quarter, with a further 10% expected by the end of November (through upfront monthly payments). The remaining 1% of rent is on payment […]
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22 Sep 2020 1 min read
Tritax Big Box sells three assets for £77m
Tritax Big Box REIT (BBOX) has sold three assets for £77m. The group said the three assets had reached their full value following the completion of asset management initiatives that delivered rental growth and a lease extension. The assets comprise Baker Business Park in Ripon, Langley Mill, in Nottingham and Warth Park in Raunds. All […]
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03 Sep 2020 2 min read
QuotedData’s morning briefing 3 September 2020
In QuotedData’s morning briefing 3 September 2020: Ashoka India provides an annual redemption facility to its shareholders. This year, just 367,616 shares (0.54% of the issued share capital) were requested to be redeemed. Tritax Big Box REIT has completed its sale of an asset in Chesterfield for £57.3m. The buyer was Warehouse REIT (see separate story). […]
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15 Jun 2020 2 min read
Tritax Big Box pre-lets 2.3m sq ft scheme to Amazon
Tritax Big Box REIT has pre-let a 2.3m sq ft logistics scheme in east London to Amazon. The company received planning consent last week for the building in Littlebrook, Dartford and announced today it has exchanged contracts with the world leading online retailer. The scheme, which covers 35.5 acres adjacent to the QEII bridge and Dartford […]
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08 Apr 2020 2 min read
Tritax Big Box declares reduced dividend and updates on covid-19 impact
Tritax Big Box REIT has withdrawn its dividend target for 2020 in light of the covid-19 pandemic. The company has collected the majority of its advanced quarterly rent that was due on 1 April 2020 (86%, with a further 10% expected to be paid by the end of May 2020). Around 50% of Tritax Big […]
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17 Mar 2020 1 min read
Profit up 7.7% at Tritax Big Box REIT
Tritax Big Box REIT reported a 7.7% increase in operating profit in 2019. The group, which owns a portfolio of ‘big box’ logistics warehouses in the UK, said profit for the year ended 31 December 2019 was £122.5m compared to £113.7m in 2018. It also said its contracted annual rent roll was up 3.4% to […]
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03 Feb 2020 3 min read
Tritax Big Box REIT eyes sales as focus shifts to development
Tritax Big Box REIT said it was looking to recycle capital from the sale of specific assets in order to fund its development pipeline. In a trading update, the group said it was targeting an average yield on cost of between 6% and 8% across its developments, well above the group’s current portfolio valuation yield of 4.5%. […]
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17 Dec 2019 1 min read
QuotedData’s other news 17 December 2019
In QuotedData’s other news 17 December 2019 Tritax Big Box REIT has reached an agreement to extend the termination date in respect of GBP300 million of its GBP350 million unsecured revolving credit facility, from 10 December 2023 to 10 December 2024. The maturity date of the residual GBP50 million will remain 10 December 2023. This extends the company’s […]
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08 Aug 2019 2 min read
Tritax Big Box on road to serious growth
Tritax Big Box on road to serious growth – Tritax Big Box REIT posted an uptick in profits in the first half of the year on the back of strong rental growth. Operating profit before changes in fair value of investment properties increased by 5.7% to £60.7m, while rental income grew 3.5% to £166.8m. The […]
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17 Jun 2019 1 min read
QuotedData’s other news 17 June 2019
In QuotedData’s other news 17 June 2019, Tritax Big Box REIT has entered into a new £200m unsecured revolving credit facility at a margin of 1.1% over LIBOR. The facility has a five-year life but can be extended for two more years. We also have an update on Leaf Clean Energy‘s court case
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28 May 2019 2 min read
Tritax gets planning for Kettering logistics park
Tritax gets planning for Kettering logistics park – Tritax Big Box REIT says that outline planning consent has been obtained for up to 2.31 million sq ft of logistics space at Symmetry Park, Kettering. This represents the second new development from the db Symmetry strategic land portfolio acquired by Big Box in February this year. The […]
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16 May 2019 2 min read
QuotedData’s other news 16 May 2019
BBGI SICAV (BBGI), the global public private partnership (PPP) infrastructure investment company, announced that it had completed the acquisition of a further 33.3% equity interest in the Ohio River Bridges – East End Crossing PPP Project and now owns 66.6% of the equity in the project. The project is a large-scale availability-based infrastructure project that […]
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2 min read
Tritax Big Box gets green light for new distribution centre
Tritax Big Box gets green light for new distribution centre – The UK-focused logistics investor, Tritax Big Box REIT (BBOX), has received planning permission for the development of a new regional distribution centre (RDC) at Symmetry Park, Biggleswade. The facility has been pre-let to The Co-op Food Group, part of The Co-operative Group. Co-Op Group […]
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06 Mar 2019 2 min read
Tritax Big Box expands portfolio in 2018
Tritax Big Box expands portfolio in 2018 – Tritax Big Box has released its 2018 results today. Some of the highlights are: dividends declared in 2018 totalled 6.70p per share, meeting its target. The earnings per share increased by 8.0% to 6.88p per share in 2018. EPRA NAV per share increased 7.4% resulting in a […]
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11 Feb 2019 3 min read
Tritax Big Box fundraise pulls in £250m to fund db Symmetry acquisition
Tritax Big Box REIT (BBOX) has announced the results of its recent fundraising under which the Company has raised approximately £250 million (before expenses). The net proceeds of the issue are to be used by to fund the acquisition of an 87 per cent. economic interest in db Symmetry as well as further investments. The […]
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25 Jan 2019 3 min read
Tritax Big Box dives as it announces dilutive share issue
Tritax Big Box dives as it announces dilutive share issue – Tritax Big Box REIT has conditionally agreed to acquire an 87 per cent. economic interest in db Symmetry, which owns one of the UK’s largest strategic land portfolios for the development of Big Box real estate assets and related logistics facilities. Created in 1996, db […]
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27 Dec 2018 2 min read
Tritax funds new Durham logistics facility
Tritax funds new Durham logistics facility – Tritax Big Box REIT has completed contracts for the forward funded development of a new logistics fulfilment centre at Integra 61, near Durham, pre-let to a “financially robust world leading retailer” [Amazon?]. The price represents a maximum commitment of GBP147.3 million, reflecting a net initial yield of 5.25% (net […]
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05 Dec 2018 2 min read
Tritax Big Box issues £400m loan notes
Tritax Big Box issues £400m loan notes – Tritax Big Box REIT has signed an agreement with a number of new institutional investors for a private placement of £400 million new senior unsecured loan notes. The loan notes comprise two tranches with a weighted average coupon of the fixed rate notes equating to 2.91 per cent. […]
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26 Nov 2018 2 min read
Tritax Big Box confirms Littlebrook planning approval
Tritax Big Box confirms Littlebrook planning approval – Tritax Big Box REIT owns 114 acres of prime London development land at Littlebrook, Dartford, within the M25, which was acquired in July 2017. It has successfully secured planning permission from Dartford Borough Council for the proposed development of a 450,240 sq ft cross-docked logistics facility with […]
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12 Oct 2018 2 min read
Tritax Big Box REIT buys Bosch warehouse
Tritax Big Box REIT buys Bosch warehouse – Tritax Big Box REIT has exchanged contracts, conditional on receiving full planning consent, to provide forward funding for the development of a new National Distribution Centre at Midlands Logistics Park, Corby. The property is pre-let to BSH Home Appliances Limited, part of the Bosch Group. The Bosch Group is […]
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28 Sep 2018 3 min read
Tritax Big Box REIT exchanges contracts on Merseyside acquisition
Tritax Big Box REIT exchanges contracts on Merseyside acquisition – Tritax Big Box REIT (BBOX) has announced that the company has exchanged contracts, conditional on full planning consent, for the forward funded development of a new logistics “sortation centre” (see below) at Haydock, St Helens, Merseyside. The property is pre-let to a company BBOX describe as “a financially […]
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19 Jul 2018 1 min read
Investment Trust Insider on how to grow trusts
Investment Trust Insider on how to grow trusts James Carthew: imponderable questions in quest for scale Last week I addressed the uphill battle Ashoka India Equity (AIE) faces if it wants to expand, having raised just £46.5 million in its flotation. It is by no means the smallest fund out there, however. Many of the very smallest funds […]
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07 Mar 2018 2 min read
Tritax Big Box REIT sees Brexit silver lining
Tritax Big Box REIT sees Brexit silver lining – Tritax Big Box REIT has released its results for 2017. Highlights are: Dividends declared in relation to 2017 totalled 6.40 pence per share, in line with targets. Progressive dividend target of 6.70 pence per share announced for 2018. EPRA net asset value per share increased by 10.3% to […]
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06 Feb 2018 2 min read
Tritax will fund new Eddie Stobart logistics facility
Tritax will fund new Eddie Stobart logistics facility – Tritax Big Box REIT has exchanged contracts, conditional on receiving full planning consent, to provide forward funding for the development of a new regional distribution centre at Midlands Logistics Park, Corby. The development asset is pre-let to Eddie Stobart Limited, one of the UK’s leading logistics […]
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18 Jan 2018 2 min read
Tritax’s latest deal is with AO.com
Tritax’s latest deal is with AO.com – The Board of Tritax Big Box REIT plc says that it has acquired a National Distribution Centre at Weston Road, Crewe, Cheshire. The property is let to Expert Logistics Ltd, a wholly owned subsidiary of AO World Plc (“ao.com”), a leading European online electrical retailer listed on the […]
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15 Jan 2018 2 min read
Tritax Big Box forward funding two new Howdens Joinery warehouses
Tritax Big Box forward funding two new Howdens Joinery warehouses – Tritax Big Box REIT has completed contracts for the site acquisition and forward funding for the development of two new distribution warehouse facilities at Warth Park, Raunds. The properties are pre-let in their entirety under two separate 30 year leases to Howdens Joinery Group Plc, […]
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28 Dec 2017 2 min read
Tritax buys Unilever distribution centre
Tritax buys Unilever distribution centre – Tritax Big Box REIT has acquired a national distribution facility at Hickling Road in Cannock, Staffordshire, which is operated and let to Unilever UK Ltd, one of the world’s leading suppliers of Food, Home and Personal Care products. The total consideration is GBP44.25 million (excluding purchaser’s costs). The property […]
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20 Nov 2017 3 min read
Tritax buys two more logistics facilities
Tritax buys two more logistics facilities – Tritax Big Box REIT has exchanged contracts to acquire two separate, modern logistics facilities from a single vendor for a combined purchase price of GBP43.86 million, which are both being funded from equity. Cerealto (UK) Limited National Distribution Centre at Dukeries Industrial Estate, Worksop, Nottinghamshire The facility at […]
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25 Oct 2017 3 min read
Not just any big box…
Not just any big box… – Tritax Big Box REIT plc has completed contracts with ProLogis European Finance XI Sarl to acquire two modern Big Box logistics facilities at Prologis Park, Stoke-on-Trent, Staffordshire, let to Marks and Spencer and Dunelm (Soft Furnishings) Ltd, the UK’s number one homewares retailer. The combined net purchase price is GBP78.5 […]
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10 Oct 2017 1 min read
Investment trust insider on industrial property prices
James Carthew: has Tritax paid too much as Hansteen hands back cash? In the past week we have seen a very large tender offer from Hansteen Holdings (HSTN), a real estate investment trust specialising in industrial property, and a deal where Tritax Big Box (BBOX) bought a large logistics facility from LondonMetric Property (LMP). Hansteen […]
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02 Oct 2017 2 min read
Tritax Big Box buys Royal Mail facility in Daventry
Tritax Big Box buys Royal Mail facility in Daventry – Tritax Big Box REIT has exchanged contracts to acquire a National Distribution Centre at Danes Way, Daventry International Rail Freight Terminal (“DIRFT”), Northamptonshire let to Royal Mail Group Limited, the main subsidiary of Royal Mail plc. The total consideration is GBP48.82 million (excluding purchaser’s costs), reflecting […]
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07 Sep 2017 2 min read
Tritax buys Royal Mail distribution facility
Tritax buys Royal Mail distribution facility – Tritax Big Box REIT has acquired a Regional Distribution Centre at Riversdale Road, Atherstone let to Royal Mail Group Limited. The total consideration is GBP32.68 million (excluding purchaser’s costs), reflecting a net initial yield of 6.1% on the corporate acquisition. The purchase is being funded from equity. The […]
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24 Jul 2017 2 min read
Tritax Big Box REIT to acquire 124 acres at Littlebrook, Dartford for £65m
Tritax Big Box REIT has announced that it has exchanged conditional contracts to purchase a development site at Littlebrook, Dartford. The freehold of the former Littlebrook Power Station site has been acquired, for a total consideration of £65million (excluding purchaser’s costs), which is being funded by the Company from equity. Good access to rail and […]
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13 Jun 2017 1 min read
Investment Trust Insider on UK property
Brexit isn’t all bad news for UK property The past couple of weeks have seen a clutch of results announcements by the larger real estate investment (REIT) and property trusts. The periods they are reporting on incorporate the run up to the referendum vote and its aftermath, and adverse changes to the stamp duty regime. […]
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12 Jun 2017 2 min read
Tritax buys Ocado’s Birmingham distribution facility
Tritax buys Ocado’s Birmingham distribution facility – Tritax Big Box REIT plc has acquired a distribution facility at Birch Coppice Business Park, Dordon, Birmingham operated by Ocado Limited and serving both Ocado’s and Wm Morrison Supermarkets Plc’s online retail businesses. The total consideration is GBP92.33 million (excluding purchaser’s costs), reflecting a net initial yield of 5.25% on […]
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25 May 2017 8 min read
TR Property plans 25.7% dividend increase
As TR Property announces its full year results for the year ended 31 March 2017, Hugh Seaborn, its chairman, commented: “I’m pleased to report another solid year of performance from the Trust. The Board are particularly pleased to announce a final dividend of 6.4p which brings the full year dividend to 10.5p, a 25.7% increase on […]
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17 May 2017 2 min read
Tritax Big Box REIT acquires Unilever’s National Distribution Centre
Tritax Big Box REIT has announced that it has acquired a National Distribution Centre at Trax Park, Doncaster, for £20.9 million (excluding purchaser’s costs), reflecting a net initial yield of 5.61% on the asset acquisition. The purchase is being funded from equity proceeds. The company says that the proeprty is let to Unilever, one of […]
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11 May 2017 1 min read
Tritax issue raises £350m
Tritax Big Box REIT has announced the results of its Placing, Open Offer and Offer for Subscription of Ordinary Shares. Investor demand for the issue has significantly exceeded the targeted size of GBP200 million. The Board, after careful consideration with the Manager and in consultation with its Joint Financial Advisers, has exercised its right to increase the […]
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07 Mar 2017 3 min read
Tritax Big Box REIT performing in line with its targets
Tritax Big Box REIT (BBOX) has announced its annual results for the year ended 31 December 2016. During the period, BBOX’s EPRA net asset value per share increased by 3.46% or 4.71% on a like-for-like basis to 129p (2015: 124.68 pence), whilst its EPRA NAV total return was 9.6% (BBOX’s medium-term target is 9% per […]
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01 Mar 2017 1 min read
Board of Tritax Big Box REIT secures new £90m loan facility
Tritax Big Box REIT has announced that it has agreed a new long-term, interest only, fixed rate term loan facility of £90 million with PGIM Real Estate Finance, secured against a portfolio of three standing assets and one forward funded asset. The 10-year Facility, which will be drawn in full immediately, is repayable on 2 […]
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22 Feb 2017 2 min read
Tritax Big Box REIT to forward fund Didcot distribution centre for Hachette UK
Tritax Big Box REIT (Tritax) has announce that it has completed the land purchase and exchanged contracts to provide forward funding for the development of a new distribution centre at Signia Park, Didcot, Oxfordshire. The development is pre-let to Hachette UK Ltd (Hachette UK), a UK publishing company whose ultimate parent is Lagardere SCA. The […]
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23 Dec 2016 2 min read
Tritax Big Box REIT to forward fund two new Howdens distribution facilities at Warth Park, Northamptonshire
Tritax Big Box REIT (Tritax) has announced that it has exchanged contracts (conditional on receiving planning consent) to provide forward funding for the development of two new distribution warehouse facilities at Warth Park, Raunds. The two facilities are pre-let in their entirety under two separate leases to Howdens Joinery Group Plc (Howdens) and the investment […]
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08 Dec 2016 2 min read
Tritax Big Box REIT to forward fund Screwfix distribution facility at Prologis Park, Fradley, Staffordshire
Tritax Big Box REIT has announced that it has completed the land purchase and exchanged contracts to provide forward funding for the development of a new distribution facility at Prologis Park, Fradley, Staffordshire. The development is pre-let to Screwfix Direct Ltd, whose ultimate parent is Kingfisher Plc The development represents an investment of £52.7 million, […]
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13 Oct 2016 2 min read
Tritax buys Co-op facility
Tritax Big Box REIT has announced that it has exchanged contracts to acquire the distribution warehouse and adjacent lorry parking facility at Oliver Road, Thurrock, both let to The Co-operative Group Limited. The purchase price for the Facility is GBP56.5 million (excluding purchaser’s costs), reflecting a net initial yield of 5.53% on the asset acquisition. Completion […]
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11 Oct 2016 4 min read
Tritax buys two logistics facilities
Tritax Big Box REIT has announced that it has exchanged contracts with a major UK institution to acquire two modern Big Box logistics facilities at Birch Coppice, Birmingham and at Warth Park, Raunds, Northamptonshire, let to Euro Car Parts Limited and Whirlpool UK Appliances Ltd, respectively. The combined purchase price is GBP115.5 million. Completion of […]
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28 Sep 2016 2 min read
Tritax Big Box REIT announces fund raise targeting £150m
Tritax Big Box REIT has announced details of a placing, open offer and offer for subscription of new ordinary shares, in aggregate equalling up to 113,636,364 new shares, at a price of 132 pence per new share. The target size for the fund raising is £150m and the issue price represents a discount of 7.1% […]
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11 Aug 2016 2 min read
Tritax Big Box outperforms peers
Over the six months to the end of June 2016, Tritax Big Box REIT’s EPRA net asset value per share increased by 4.23 pence or 3.4% to 128.91 pence (31 December 2015: 124.68 pence). Dividends declared for the six month period totalled 3.1 pence per share, putting the Group on track to hit the target […]
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10 Aug 2016 2 min read
Tritax buys Amazon distribution centre
The Board of Tritax Big Box REIT has announced that it has acquired the distribution centre at Kingston Park, Peterborough, let to Amazon UK Services Ltd, for a purchase price of GBP42.9 million (net of acquisition costs), reflecting a net initial yield of 5.6% on the corporate acquisition. The purchase is being funded from equity […]
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09 Aug 2016 2 min read
Tritax buys Kellogg’s distribution facility
The Board of Tritax Big Box REIT has announced that it has acquired a distribution facility at Trafford Park, Manchester, let to Kellogg Company of Great Britain Limited, whose ultimate parent is the Kellogg Company. The purchase price is GBP23.5 million (excluding purchaser’s costs), reflecting a net initial yield of 5.9% on the asset acquisition. […]
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03 Aug 2016 1 min read
Tritax agrees new debt facility
The Board of Tritax Big Box REIT plc has announced that it has agreed a new long-term, interest only, fixed rate term loan facility of GBP72 million with Canada Life Investments, secured against a portfolio of three standing assets. The Facility, which will be drawn in full immediately, is repayable on 30 April 2029 and has a […]
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02 Aug 2016 2 min read
Tritax to fund Wolverhampton development
The Board of Tritax Big Box REIT has announced that it has exchanged contracts (conditional on detailed planning consent) to provide forward funding for the development of a new logistics facility and headquarters at Four Ashes, Wolverhampton. The investment price is GBP56.3 million, reflecting a net initial yield of 5.14% (net of land acquisition costs). The […]
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24 May 2016 2 min read
Tritax Big Box REIT to acquire DSG Retail’s National Distribution Centre in Newark
Tritax Big Box REIT has announced that it has exchanged contracts to acquire a National Distribution Centre, let to DSG Retail Ltd (part of the Dixons Carphone plc group), for £77.3m (excluding acquisition costs). The purchase, which is being funded from equity proceeds, reflects a net initial yield of 5.86%. Completion is expected to take […]
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29 Mar 2016 1 min read
Tritax acquires Argos distribution centre
Tritax Big Box REIT has announced that it has acquired Argos’ National Distribution Centre at Barton Business Park, Burton-upon-Trent, Staffordshire for a purchase price of £74.65m (net of acquisition costs), reflecting a net initial yield of 5.55% on the corporate acquisition. The purchase has been funded from equity proceeds, with senior debt finance expected to be […]
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24 Mar 2016 1 min read
Tritax Big Box REIT acquires Brake Brothers distribution centre in Portbury, Bristol, for £25.2m
Tritax Big Box REIT has announced that it has acquired Brake Brothers distribution centre at Portbury Way, Portbury, in Bristol for £25.2m, which reflects a net initial yield of 5.15%. The company says that the purchase has been funded out of equity proceeds, with senior debt finance expected to be introduced in the near term. […]
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16 Mar 2016 1 min read
Tritax Big Box NAV jumps 16% in 2015
Tritax Big Box REIT reports that its EPRA net asset value per share increased by 17.11 pence (or 15.91%) to 124.68 pence (31 December 2014: 107.57 pence) over the course of 2015. This works out as a total return for the year of 19.4%, compared to the FTSE EPRA/NAREIT UK REITs Index of 10.5%. Dividends […]
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27 Jan 2016 1 min read
Tritax Big Box REIT is targeting a fundraise of a further £100m
Tritax Big Box REIT has announced that it is targeting a fundraising of £100m through a placing, open offer and offer for subscription, of new ordinary shares. Tritax says that it expects to use the net proceeds of the issue to acquire further investments. The issue price of 124p per ordinary share represents a discount of […]
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09 Dec 2015 1 min read
Tritax Big Box REIT buys Matalan’s Northern Distribution Centre
Tritax Big Box REIT has announced that it has completed the purchase of Matalan Retail’s Northern Distribution Centre at Knowsley Business Park, Liverpool, for £42.38m (net of acquisition costs). This reflects a net initial yield of 6.27% on the acquisition, which is being funded out of equity proceeds, with senior debt finance expected to be […]
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02 Oct 2015 1 min read
Tritax Big Box REIT Secures new £500m debt facility
Tritax Big Box REIT has announced that it has agreed a £500m secured debt facility, with a syndicate of four lenders, for five years. The facility comprises a £320m term loan which the company says will be drawn in full immediately, a further £80m term loan available to draw up until the first anniversary of […]
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22 Sep 2015 2 min read
Tritax investing in TK Maxx warehouse
Tritax Big Box REIT has announced that it has completed the land purchase and entered into contracts to provide forward funding for the development of a new regional distribution facility, pre-let in its entirety to TJX UK (“TK Maxx”), a major retailer of branded apparel and home fashions in the UK and Ireland. The investment price […]
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07 Sep 2015 2 min read
Tritax in pre-let development for Howden Joinery
Tritax Big Box REIT has announced that it has exchanged conditional contracts to acquire the land and provide forward funding for the development of a new distribution warehouse facility, pre-let in its entirety to Howden Joinery Group Plc, the parent group of the UK’s leading supplier of kitchens and joinery. The investment price is £67m, […]
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21 Aug 2015 1 min read
Tritax on track for 6p full year dividend
Tritax Big Box REIT’s results for the first half of 2015 show a 14.8% uplift in its EPRA NAV, a 13.9% improvement in is EPRA earnings per share (to 2.3p) and a 62% hike in the interim dividend from 1.85p to 3p as they progress towards paying their target 6p per annum. The fund expanded […]
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22 Jul 2015 1 min read
Discount trends, big names big prices
http://www.moneyobserver.com/news/21-07-2015/discount-trends-big-names-big-prices Investment trusts with big name managers saw their share prices soar over the second quarter as investors sought out the best active management.
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26 Jun 2015 1 min read
Small Companies Dividend hoping for M&A uptick
Smaller Companies Dividend Trust has reported its annual figures covering the year to the end of April 2015. Over this period the total return on the portfolio was 6.9%, adjusting for the effects of the zero dividend preference shares, this made the return in the net asset value of the ordinary shares 7.2%. The ordinary […]
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01 Jun 2015 1 min read
Tritax acquires Tesco regional distribution centre
Tritax is spending £47.1m to buy the Tesco Regional Distribution Centre at Capitol Park, Goole. The price reflects a net initial yield of 5.67%. They are paying for the deal using their own resources but expect senior debt finance to be introduced in the near term. Completion is expected to take place by 5 June […]
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05 May 2015 1 min read
Tritax invests in New Look distribution centre
Tritax Big Box REIT is spending £30m to buy one of New Look Retailers Ltd’s two adjoining national and European distribution centres in Newcastle-under-Lyme. the purchase price works out at a net initial yield of 5.9%. Constructed in 2007 and extended in 2011 to satisfy New Look’s expansion requirements, the property comprises a gross internal […]
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29 Apr 2015 1 min read
Tritax buys B&Q depot
Tritax Big Box REIT has announced that it is buying the B&Q Core Products Regional Distribution Centre at Worksop, Nottingham for £89.75m. The price is equivalent to a net initial yield of 5.13%. Constructed in 2005 for B&Q, the property is of a high specification and incorporates modern design features including cross docking, eaves height of […]
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10 Apr 2015 1 min read
Tritax buys Brakes distribution centre
Tritax Big Box REIT is paying £37.2m to acquire the Brakes Brothers distribution centre in Flex Meadow, Harlow. the price is equivalent to a net initial yield of 5%. They say the centre is strategically positioned in a core South East location, close to the M11, the M25 and Central London, providing distribution reach across […]
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23 Feb 2015 2 min read
Tritax goes from zero to 6.9m sq ft in thirteen months
Tritax Big Box REIT has published its first set of results, covering the period from inception on 1 November 2013 until the end of December 2014. over that period the fund’s net asset value rose to 107.02p – up from 98p (post issue expenses) when it launched. They also paid two dividends – the first […]
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29 Jan 2015 1 min read
Tritax building new facility for Ocado
Tritax Big Box REIT is investing £98.8m to build a new distribution warehouse facility for Ocado. The facility will be located inside the M25 at Crossdox, Bronze Age Way, Erith, on the south side of the River Thames and A2016, with Central London approximately 12 miles to the West and Tilbury Docks and DP World […]
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08 Dec 2014 2 min read
Tritax buys two more distribution centres
Tritax Big Box REIT has announced the acquisition of two more distribution centres – one at Dove Valley Park, Derby and the other at Trafford Park in Manchester for a combined price of £55.1m, equivalent to a blended net initial yield of 6.53%, assuming 5.8% purchase costs. Completion of both purchases is expected to take place by 12 […]
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28 Nov 2014 1 min read
Tritax raises £110m and spends £22m
BBOX : Tritax raises £110m and spends £22m Tritax Big Box REIT has announced that it has raised £110m by placing 104.77m shares at 105p. It has also said that it has exchanged contracts on a Tesco retail distribution warehouse for which they are paying £22.45m, equivalent to a net initial yield of 8.25%. The […]
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13 Nov 2014 1 min read
Tritax Big Box buys Doncaster distribution centre
BBOX : Tritax Big Box buys Doncaster distribution centre Tritax Big Box REIT is buying The Range UK National Distribution Centre at Nimbus Park, Thorne, Doncaster for a purchase price of £48.5m (a net initial yield of 6.1%). Thorne is about 7 miles to the north east of Doncaster town centre, adjacent to the M18 motorway and […]
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29 Aug 2014 1 min read
Tritax Big Box REIT acquires Wolseley distribution centre in Ripon for £12.2m
BBOX : Tritax Big Box REIT acquires Wolseley’s distribution centre in Ripon for £12.2m Tritax Big Box REIT has acquired Wolseley’s Regional Distribution Centre at Ripon, North Yorkshire for £12.24m (net of acquisition costs). The high specification property was constructed in 2001 and has ancillary offices and substantial parking over approximately 10.9 acres. The rentalised area is approximately 222k square […]
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28 Aug 2014 1 min read
Tritax Big Box REIT reports 3.9% increase in NAV since December launch
BBOX : Tritax Big Box REIT reports 3.9% increase in NAV since December launch Tritax Big Box REIT has posted its first interim results since raising £200m at its IPO in December 2013. Since launch Tritax has seen its NAV per share increase from 98p to 101.85 as at 30 June, a 3.9% increase. In addition, […]
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20 Aug 2014 1 min read
Tritax Big Box REIT acquires DHL Distribution Warehouse in Lancashire for £28.9m
BBOX : Tritax Big Box REIT acquires DHL Distribution Warehouse in Lancashire for £28.9m Tritax Big Box REIT has announced it is to acquire a Distribution Warehouse in Skelmersdale, Lancashire, currently let to DHL Supply Chain Ltd, for £28.9m (net of purchase costs). The warehouse was originally constructed in 2003 and is a fully fitted distribution facility, […]
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08 Jul 2014 1 min read
Tritax Big Box REIT : BBOX – expansion
Tritax Big Box REIT has published a prospectus and a circular as it prepares to try to raise c£150m this month and up to a further £350m thereafter. They have said that they intend to move to a listing on the main market as part of this deal. They have also declared their first dividend […]
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18 Jun 2014 1 min read
Tritax Big Box REIT : BBOX – new acquisition
Tritax Big Box REIT is buying William Morrison’s distribution centre in Sittingbourne, Kent for £97.8m. The 919,443 sq ft South East Regional Distribution Centre was developed in 2009. The distribution centre is being acquired from Wm Morrison Supermarkets plc subject to a new leaseback agreement for 25 years and with annual rent reviews indexed to […]
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11 Jun 2014 1 min read
Tritax Big Box REIT : BBOX – new warehouse
Tritax Big Box REIT is buying the Next Group distribution warehouse in West Moor Park, Doncaster for £60m – this equates to a net initial yield of 6.07%. Barclays Bank is providing a £16.4m facility , secured against the warehouse (a loan to value of 27%). Tritax Big Box REIT’s finance, post this loan, will […]
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04 Jun 2014 1 min read
Tritax Big Box REIT : BBOX – financing
Tritax Big Box REIT has refinanced two recent acquisitions – the Marks & Spencer East Midlands Distribution Centre at Castle Donington, Leicestershire and the Tesco Distribution Centre at Southmead Industrial Estate, Didcot. Barclays Bank is providing loans of £49.3m and £12.2m respectively, secured individually on the assets. They are paying slightly more for the M&S centre financing […]
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23 Feb 2021 2 min read
Tritax Eurobox seeks £173m as it looks to double in size
Tritax Eurobox seeks £173m as it looks to double in size By Jeremy Gordon 19 Feb, 2021, Citywire Investment Trust Insider Tritax Eurobox (EBOX) has announced plans to raise for a £173m (€200m) equity raise, after a strong rally in its shares since the autumn with the European ‘big box’ market buoyant amid an e-commerce boom. The listed […]
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12 Feb 2021 2 min read
When it is worth paying a premium for an investment trust
When it is worth paying a premium for an investment trust by Jennifer Hill from interactive investor | 10th February 2021 10:06 Positive news on Covid-19 vaccines led to investment trusts re-rating considerably during 2020. The average discount among equity investment trusts narrowed from 4.6% to 2.5% – the tightest level on record – according to Numis Securities. Discounts widened […]
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01 Feb 2021 2 min read
Warehouses could deliver the goods in your portfolio
Make a shed-load of money the REIT way: Warehouses could deliver the goods in your portfolio By ANNE ASHWORTH FOR THE DAILY MAIL PUBLISHED: 21:53, 29 January 2021 | UPDATED: 09:02, 30 January 2021 The re-ordering of the retail hierarchy continues. Boohoo, the online fast fashion business, is to acquire Debenhams, and perhaps also Burton, Dorothy Perkins and Wallis, while Asos – the […]
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25 Jan 2021 2 min read
Will property investment trusts bounce back in 2021?
Will property investment trusts bounce back in 2021? by Cherry Reynard from interactive investor | 13th January 2021 12:23 Some sectors of the property market could be ripe for a revival. Cherry Reynard asks experts for trust tips to profit. In early December, the government extended its ban on evicting commercial tenants. While it gives UK companies some much needed […]
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09 Dec 2020 1 min read
ASI snags 60% stake in Tritax
ASI says its real estate offering has to evolve as it snags 60% stake in Tritax By Jessica Tasman-Jones, Portfolio Adviser, 9 Dec 2020 Deal prompts questions over whether Aberdeen Standard European Logistics Income and Tritax Eurobox will merge Aberdeen Standard Investments has acquired a 60% stake in £5.1bn real estate investment trust manager Tritax as […]
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2 min read
Aberdeen and Tritax could consider European trust merger
Aberdeen and Tritax could consider European trust merger after strategic deal By Gavin Lumsden, Theo Andrew 09 Dec, 2020 at 12:45 Aberdeen Standard Investments has expanded its reach in the booming area of warehouses and distribution depots by buying a 60% stake in Tritax Management, manager of the Tritax Big Box (BBOX) and Tritax Eurobox (EBOX) real estate investment trusts. The move has […]
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31 Mar 2020 2 min read
Investment trust insider bargain hunting in the crash
Investment trust insider bargain hunting in the crash – James Carthew: three trusts I bought in the Covid-19 crash Many investors, especially those reliant on the income from their portfolios, will have been looking on nervously as markets see-saw and the economy grinds to a halt. For most of the past few weeks I have sat […]
