REG - Tritax Big Box REIT - Manor Farm Data Centre – Planning Timetable Update

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RNS Number : 8617W  Tritax Big Box REIT plc  17 March 2026

Manor Farm Data Centre - Planning Timetable Update

 

17 March 2026, Tritax Big Box REIT plc (the "Company") provides an update on
the planning application relating to its proposed data centre development at
Manor Farm.

 

Update on planning application

The Company notes confirmation from the Ministry of Housing Communities and
Local Government ("MHCLG") that a decision by the Secretary of State is now
expected to be issued on or before 9 June 2026.

 

Revised timetable

In January 2025, the Company outlined anticipated practical completion ("PC")
of the data centre between July and December 2027, based upon an expectation
of a December 2025 planning consent.

 

In December 2025, MHCLG provided an updated timetable indicating a decision
would be issued on or before the 17 March 2026.

 

Noting the new guidance from MHCLG of a decision on or before 9 June 2026, the
Company now expects PC between October 2027 and March 2028 with income
recognition starting in conjunction with the PC of the building.

 

Maintaining expectations and confidence

Noting the revision to timings, the Board continues to maintain its confidence
in achieving its ambition of growing adjusted earnings by 50% by FY 2030 1 .

 

We continue to expect to recognise development profits at Manor Farm in FY
2026, supported by a successful planning application and securing of a
pre-let.

 

The Board is confident in the long‑term strategic and financial merits of
the Manor Farm development for the Company's shareholders, and in its
contribution to the delivery of critical national infrastructure supporting UK
economic growth. The probability of securing planning consent remains
unchanged and the Board will continue to keep shareholders informed as the
planning process progresses.

 

 

Tritax Group

Colin Godfrey, CEO
                               Tel: +44 (0) 20 799 39640

Frankie Whitehead, CFO
                         bigboxir@tritax.co.uk

Ian Brown, Head of Corporate Strategy & Investor Relations

 

Kekst CNC

Tom Climie / Guy Bates
                            Tel: +44 (0) 7760 160 248 /

+44 (0) 7581 056 415

Email: tritax@kekstcnc.com (mailto:tritax@kekstcnc.com)

 

 

 

About Tritax Big Box REIT plc

Tritax Big Box REIT plc (ticker: BBOX) is the largest listed investor in
high-quality logistics warehouse assets and controls the largest
logistics-focused land platform in the UK. Tritax Big Box targets attractive
and sustainable returns for shareholders by investing in and actively managing
existing built investments and land suitable for logistics development. The
Company focuses on well-located, modern logistics assets, typically let to
institutional-grade clients on long-term leases with upward-only rent reviews
and geographic and client diversification throughout the UK. Additionally,
having adopted a "power first" approach, the Company has recently secured its
first data centre development opportunities (amounting to over 250MW), and has
a pipeline of c.1-gigawatt of further opportunities, offering the potential to
deliver exceptional returns on an accelerated basis.

 

The Company is a real estate investment trust to which Part 12 of the UK
Corporation Tax Act 2010 applies, is listed on the Official List of the UK
Financial Conduct Authority and is a constituent of the FTSE 250, FTSE
EPRA/NAREIT and MSCI indices.

 

Further information on Tritax Big Box REIT is available at
www.tritaxbigbox.co.uk (http://www.tritaxbigbox.co.uk/)

 

The Company's LEI is: 213800L6X88MIYPVR714

 1  50% growth potential by the end of FY 2030, with the baseline reference
being the FY 2024 Adjusted Earnings figure of £182.4 million. This should not
be considered a profit forecast but an ambition. It assumes no material
deterioration in macroeconomic conditions, including inflation, interest rates
and GDP growth; sustained structural demand in key markets; investment markets
remain open and ability to dispose of assets at or near book values. Excludes
additional DMA income or portfolio value movements.

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