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.
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 |
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 firm would list it in the FTSE 100 Index with a valuation of £4 billion.[6][7]
The company owns, on behalf of its lessees, a Sainsbury's distribution centre in Sherburn-in-Elmet,[8] a Tesco distribution centre near Barlborough[8] 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]