The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Big Box Fund Looks to Quintuple Value of Logistics Assets

12 November 2013 | Updated 01 January 1970
 

Tritax Big Box REIT plc, a UK incorporated Real Estate Investment Trust (which, according to its website, is ‘focused on delivering income and capital returns to shareholders through investment in Big Box logistics assets in the United Kingdom’) has announced its intention to launch an initial public offering of Shares on the Specialist Fund Market of the London Stock Exchange and the Channel Islands Stock Exchange with a view to raising up to £200 million to invest in a portfolio of ‘Big Box’ logistics assets.

Big Box is the current popular term for warehouses...the type of warehouses operated by companies in the online, next day delivery markets such as Argos, Amazon and Next. The warehouses have vast levels of stock, are highly automated and are near to the best transport links. Tritax Big Box REIT plc has declared its intention to operate purely in this sector – however it is a Tritax Group Company. Tritax being an established UK and European manager which specialises in creating new commercial property investments.

Logistics portfolios are becoming increasingly popular (see recent story on ThisWeekinFM - 'Gotham City in London' Developer Raises 230million for German Logistics for example) because of the anticipated growth in online retailing. With conventional retail property showing no signs of recovering, there is an anticipation that investors will try to redirect their funds – and logistics could prove popular.

Article written by Brian Shillibeer | Published 12 November 2013

Share



Related Articles

Digital but Physical Management with MyTAG

MyTAG’s paperless security system has been proven with some of London’s largest portfolios. MyTAG aims to provide trusted proof of presence, security,...

 Read Full Article
BigChange Receives Investment from Great Hill Partners

Mobile workforce management company BigChange has raised £75 million of investment from Great Hill Partners. The software-as-a-service company, founded in 2013,...

 Read Full Article
Churchill Group Confirms Investment From ESO Capital Partners

Churchill Group, one of the largest independently-owned soft service providers in the UK has confirmed that it has received investment from ESO Capital Partners UK...

 Read Full Article
Research Says Sustainable Buildings Will Bring Investors Tangible Financial Benefits

The latest research from professional services firm JLL suggests that investing in sustainable offices in central London will return “tangible financial...

 Read Full Article
Arcus Secures Strategic Investment From ESO Capital

FM company Arcus will become independent from Sainsbury’s, whilst continuing to provide FM services for its longest-serving client.  This new investment is...

 Read Full Article
$37 Trillion Worth Of Investment Demands Climate Change

631 institutional investors, managing more than $37 trillion in assets, have urged governments to step up efforts to tackle the global climate crisis. At the United...

 Read Full Article
£3.347 Billion Office Spend Outside Of London

The total investment volume and take-up of office space in 10 major cities across the UK in 2018 has been complied by commercial property specialists Savoy...

 Read Full Article
Ready For The Handover - Birmingham Takes Commonwealth Games 2022

The Prime Minister has already allocated £70 million to transform the current Birmingham athletics stadium for 2022's Commonwealth Games - with the City...

 Read Full Article
The Forward Funding Of Eli Lilly

Basingstoke and Deane Borough Council has forward funded a new office in Basing View for one of Basingstoke’s longest established international occupiers, Eli Lilly...

 Read Full Article
Business Centres Still A Centre Of Business Says BCA

New research published by the Business Centre Association (BCA) in collaboration with CBRE has found that the business centre sector in London and across the UK continued...

 Read Full Article