Tritax EuroBox

Last updated
Tritax EuroBox
Company type Public limited company
LSE:  EBOX
Industry Property investment
Founded2018;6 years ago (2018)
Headquarters,
Key people
Richard Orr (Chairman)
RevenueIncrease2.svg 79.9 million [1]  (2023)
Decrease2.svg (238.77) million (2023) [1]  (2023)
Decrease2.svg (229.79) million (2023) [1]  (2023)
Website www.tritaxeurobox.co.uk

Tritax EuroBox plc is a British property investment company that invests in distribution centres across Europe. It was listed on the London Stock Exchange until it was acquired by Brookfield Asset Management in December 2024.

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 £300 million in July 2018. [3] It raised a further £170 million in September 2021. [4]

Operations

The company owns, on behalf of its lessees, distribution centres across Europe the most significant of which is a large facility for the Spanish retailer, Mango, in Barcelona. [5] [6] The company's portfolio was valued at £1.8 billion as at 30 September 2022. [1]

In September 2022, Tritax announced that the company had appointed Phil Redding, a previous partner at Tritax, to be fund manager of the company. [7]

British property investment company Segro made a takeover offer for Tritax in September 2024 but was outbid the following month by Canada's Brookfield Asset Management for an enterprise value of £1.1 billion. [8] The transaction was approved by the court on 6 December 2014, thereby allowing the deal to be completed. [9]

See also

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References

  1. 1 2 3 4 "Annual Results 2023" (PDF). Tritax Eurobox. Retrieved 13 February 2024.
  2. "Jefferies thinks inside the box" (PDF). The Banker. 1 July 2017. Retrieved 28 September 2021.
  3. "Tritax Eurobox raises £300m as investors scramble for shares". Citywire. 6 July 2018. Retrieved 28 September 2021.
  4. "Tritax Eurobox to raise £170m in placing to fund acquisition". Sharecast. 10 September 2021. Retrieved 28 September 2021.
  5. "Newly listed Tritax EuroBox buys €150m Spanish distribution centre". Real Assets IPE. 26 September 2018. Retrieved 28 September 2021.
  6. "Tritax to Add 1m Sq Ft to Mango Distribution Centre in Barcelona". Costar. 15 June 2021. Retrieved 28 September 2021.
  7. "Tritax EuroBox appoints new fund manager". QuotedData. 2022-09-21. Retrieved 2023-05-09.
  8. A, Shanima; Wilkes, Tommy Reggiori (10 October 2024). "Brookfield to buy Tritax EuroBox for $1.44 bln, sparking potential takeover battle". Reuters. Retrieved 12 October 2024.
  9. "Tritax EuroBox PLC – Court Sanction of the Scheme of Arrangement". Research Tree. Retrieved 9 December 2024.