Tritax Big Box REIT
Company typeReal estate investment trust
IndustryProperty
Founded2013
HeadquartersDuke Street, St James's, London
Key people
Richard Jewson (Chairman)
RevenueIncrease £206.0 million (2022)[1]
Decrease £(578.1) million (2022)[1]
Decrease £(599.4) million (2022)[1]
Websitetritaxbigbox.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.

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 £4.8 billion as at 31 December 2022.[1]

References

  1. ^ a b c d "Annual Results 2022" (PDF). Tritax Big Box REIT. Retrieved 2 March 2023.
  2. ^ "Newgate Communications advising on IPO of Tritax Big Box REIT". Newgate Communications. 12 November 2013. Retrieved 14 June 2015.
  3. ^ a b "Tritax targets big returns". Shares Magazine. 12 November 2013. Retrieved 14 June 2015.
  4. ^ a b "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. ^ a b "Tritax Big Box REIT Says On Course For Steady Income Growth". Morning Star. 19 May 2014. Retrieved 14 June 2015.