REG - Tritax Big Box REIT - 391,000 sq ft letting at Symmetry Park, Rugby

Tritax Big Box REITAnnouncement

Wed 07:02

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RNS Number : 0867T  Tritax Big Box REIT plc  30 July 2025

391,000 sq ft development letting at Symmetry Park, Rugby

Tritax Big Box REIT plc ("BBOX" or "the Company") today announces that it has
signed an agreement for lease with a leading data management company for its
recently completed 391,000 sq ft logistics facility at Symmetry Park, Rugby
("Unit 5").

Key highlights of the transaction include:

-     15-year lease with open market rent reviews every five years;

-     Rental level sets a new high for the scheme, highlighting the
strength of the location;

-     Expected yield-on-cost towards the upper end of our 6-8% guidance.

Unit 5 has been built to net-zero carbon construction standards and has a
BREEAM "Excellent" and EPC A+ rating.

Jonathan Wallis, Director, Tritax Big Box Developments, commented:

"Symmetry Park Rugby continues to be incredibly successful for Tritax Big Box,
supplying best-in-class buildings and attracting strong clients into the
portfolio. The latest letting underlines our insight-driven approach to
development, delivering modern, high-quality buildings matched to occupier
needs. We are seeing strong occupational interest in the remaining two units
at Rugby, further demonstrating the quality of the location and the buildings
themselves."

 

For further information, please contact:

Tritax Group
Colin Godfrey, CEO
                           Tel: +44 (0) 20 8051 5060

Frankie Whitehead, CFO
 
Email: bigboxir@tritax.co.uk (mailto: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)

Notes:

Tritax Big Box REIT plc (ticker: BBOX) is the UK's largest listed investor in
high-quality logistics warehouse assets and controls the largest
logistics-focused land platform in the UK. Tritax Big Box is committed to
delivering 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
272MW), and has a pipeline of over 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.

The Company's LEI is: 213800L6X88MIYPVR714.

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

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