REG - Tritax Big Box REIT - Sale of six logistics assets for £199 million

Tritax Big Box REITAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260603:nRSC7351Ga&default-theme=true

RNS Number : 7351G  Tritax Big Box REIT plc  03 June 2026

Sale of six logistics assets for £199 million

Recycling capital into higher returning development-led logistics and data
centre opportunities

 

3 June 2026, Tritax Big Box REIT plc ("Tritax Big Box" or "the Company")
announces the completion of the sale of six logistics assets to EQT Real
Estate for a total cash consideration of £199 million.

The disposals, which were referenced in the Company's most recent trading
update, were sold in line with their respective book values and comprised big
box and urban logistics assets located at Leamington Spa, Peterborough, Didcot
and Kettering. The assets generate total contracted annual rent of £12
million.

The sale forms part of Big Box's strategy to continually recycle capital into
higher returning opportunities, including development-led logistics assets
(target yield on cost of 6-8%) and data centre projects (potential yield on
cost of 9-11%).

Frankie Whitehead, CFO for Tritax Big Box, said:

"Consistent with our ambition to self-fund our very attractive near-term
opportunities, we have been one of the most proactive recyclers of capital in
our sector, delivering sales of nearly £1 billion over the past three years.
We are delighted to complete this £199 million sale to EQT Real Estate, the
proceeds of which will support investment in higher returning development-led
opportunities and further strengthen our balance sheet."

- Ends -

FOR FURTHER INFORMATION, PLEASE CONTACT:

 Kekst CNC

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

              +44 (0)7581 056 415

             tritax@kekstcnc.com

The Company's LEI is: 213800L6X88MIYPVR714

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 100, 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/)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DISFFFEIRFIFIIR



            Copyright 2019 Regulatory News Service, all rights reserved