Tritax Big Box REIT


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. It was the subject of an initial public offering raising £200 million in November 2013. 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. Addition funds were raised through placings in February 2016 and in September 2016.

Operations

The company owns, on behalf of its lessees, a Sainsbury's distribution centre in Sherburn-in-Elmet, a Tesco distribution centre near Barlborough and a Marks & Spencer distribution centre in Leicestershire. It also owns properties built for Next, Morrisons, Wolseley, DHL, Rolls Royce, L'Oréal, Kuehne + Nagel, Ocado, Dunelm, Howdens Joinery and T.K. Maxx.