Tritax Big Box REIT

Last updated
Tritax Big Box REIT
Type Real estate investment trust
Industry Property
Founded2013
Headquarters Old Bond Street, London
Key people
Richard Jewson (Chairman)
RevenueIncrease2.svg £184.6 million (2021) [1]
Increase2.svg £1,008.4 million (2021) [1]
Increase2.svg £972.6 million (2021) [1]
Website tritaxbigbox.co.uk

Tritax Big Box REIT is a Real estate investment trust investing in "Big Box" distribution centres. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

The company is managed by Tritax, a property management business, formed in 1995. [2] It was the subject of an initial public offering raising £200 million in November 2013. [3] 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. [4] Addition funds were raised through placings in February 2016 and in September 2016. [5]

Operations

The company owns, on behalf of its lessees, a Sainsbury's distribution centre in Sherburn-in-Elmet, [6] a Tesco distribution centre near Barlborough [6] and a Marks & Spencer distribution centre in Leicestershire. [3] It also owns properties built for Next, Morrisons, Wolseley, DHL, Rolls Royce, L'Oréal, Kuehne + Nagel, Ocado, Dunelm, Howdens Joinery and T.K. Maxx. [4] The company's portfolio was valued at £5.2 billion as at 31 December 2021. [1]

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References

  1. 1 2 3 4 "Annual Results 2021" (PDF). Tritax Big Box REIT. Retrieved 3 March 2022.
  2. "Newgate Communications advising on IPO of Tritax Big Box REIT". Newgate Communications. 12 November 2013. Retrieved 14 June 2015.
  3. 1 2 "Tritax targets big returns". Shares Magazine. 12 November 2013. Retrieved 14 June 2015.
  4. 1 2 "Trust Insider: the £1bn appeal of Tritax Big Box Reit". 3 November 2015. Retrieved 24 April 2017.
  5. "Tritax to raise £150m". Investos Chronicle. 28 September 2016. Retrieved 24 April 2017.
  6. 1 2 "Tritax Big Box REIT Says On Course For Steady Income Growth". Morning Star. 19 May 2014. Retrieved 14 June 2015.