 | |
| Company type | Real estate investment trust |
|---|---|
| Industry | Property |
| Founded | 2013 |
| Headquarters | Duke Street, St James's, London |
Key people | Richard Jewson (Chairman) |
| Revenue |  £222.1 million (2023) [1] |
| £126.7 million (2023) [1] | |
| £70.0 million (2023) [1] | |
| Website | tritaxbigbox |
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.
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]
In February 2024, the company announced it had reached a merger agreement with UK Commercial Property REIT. [6] [7] It was reported that the combined business was likely be included in the FTSE 100 Index with a valuation of £4 billion. [6] [7] The transaction received shareholder approval on 2 May 2024, [8] allowing it to proceed to completion. [9]
The company owns, on behalf of its lessees, a Sainsbury's distribution centre in Sherburn-in-Elmet, [10] a Tesco distribution centre near Barlborough [10] 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]
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